GFL Environmental repays portion outstanding under term loan due 2025

By Taylor Fox

New York, Dec. 22 – GFL Environmental Inc. repaid a portion of its outstanding term loan facility due 2025 using proceeds from its $750 million 3½% senior notes offering, according to a news release.

The proceeds were also used to pay related fees and expenses.

With the paydown, the new notes and the recent repricing of its $1.31 billion term loan that reduced the Libor floor to 0.5% from 1%, annual interest expense has been reduced by an expected C$13.5 million.

GFL Environmental is a Toronto-based waste management company.

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