GFL Environmental’s $500 Million Senior Notes Offering


Simpson Thacher represented GFL Environmental in the offering.

GFL Environmental Inc. (“GFL”) completed its offering of $500 million aggregate principal amount of 4% Senior Notes due 2028. GFL intends to use the net proceeds from the offering to redeem all of its outstanding 7% Senior Notes due 2026, with any remaining net proceeds being used to repay outstanding borrowings under its revolving credit facility.

GFL, headquartered in Vaughan, Ontario, is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout Canada and in 27 states in the United States.

The Simpson Thacher team included Ryan Bekkerus (Picture), Ben Massey and Ben Carson (Capital Markets); Eli Isak and Pia Figuerola (Credit); Andrew Purcell and Sophie Staples (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Melanie Jolson (Intellectual Property); and Greg Grogan and Patricia Adams (Executive Compensation & Employee Benefits).

Involved fees earner: Patricia Adams – Simpson Thacher & Bartlett; Ryan Bekkerus – Simpson Thacher & Bartlett; Ben Carson – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Pia Figuerola – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Eli Isak – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Ben Massey – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: GFL Environmental Inc;

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Author: Ambrogio Visconti