GFL Environmental plans to repay revolver debt with note proceeds

By Wendy Van Sickle

Columbus, Ohio, April 13 – GFL Environmental Inc. plans to repay outstanding borrowings under its senior secured revolving credit facility with the proceeds from an offering of $150 million of 9 7/8% senior notes due 2021, according to a press release.

Proceeds will also be used to pay fees and expenses in connection with the offering and for general corporate purposes, including financing future acquisitions and organic growth initiatives.

The solid and liquid waste management company is based in Vaughan, Ont.

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