GFL Environmental to repay revolver borrowings using note proceeds

By Sarah Lizee

Olympia, Wash., Feb. 21 – GFL Environmental Inc. plans to repay the outstanding borrowings under its senior secured revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Wednesday that it intends to offer $400 million of senior notes due 2023.

Proceeds from the offering 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.

GFL Environmental is a Vaughan, Ont.-based waste management services company.

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