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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 $1 billion senior secured notes offering, according to a market source.
The notes were upsized from $700 million.
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, a company news release said.
GFL is a Vaughan, Ont.-based diversified environmental services company.
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