GFL Environmental to pay down revolver drawings with notes proceeds

By Sara Rosenberg

New York, June 1 – GFL Environmental Inc. plans to repay borrowings under its revolving credit facility using proceeds from a $750 million senior notes offering, which was upsized from $600 million, according to a market source.

Remaining proceeds from the notes will be used to redeem $360 million of 8½% senior notes due 2027, for general corporate purposes and to pay related fees and expenses.

GFL is a Vaughan, Ont.-based diversified environmental services company.

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