GFL Environmental to repay term loan A and revolver debt with notes

By Sara Rosenberg

New York, Nov. 29 – GFL Environmental Inc. plans to repay outstanding borrowings under its term loan A facility and a portion of its revolving credit facility borrowings with proceeds from a $700 million senior secured notes offering, according to a news release.

The company is opportunistically pursuing the notes offering with a view to moving more of its debt from floating to fixed interest rates, extending maturities and providing greater flexibility for future refinancings, the release said.

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

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