GFL Environmental’s $750 Million Senior Notes Offering

Simpson Thacher represented GFL Environmental in the transaction.

GFL Environmental Inc. (“GFL”) completed offering of $750 million aggregate principal amount of 4.75% Senior Notes due 2029. GFL intends to use the net proceeds from the offering to redeem all of its outstanding 8.5% Senior Notes due 2027, with any remaining net proceeds being used to repay outstanding borrowings under its revolving credit facility, and for general corporate purposes, including acquisitions.

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 (Credit); Sophie Staples (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Melanie Jolson (Intellectual Property); Steven DeLott (Insurance); and Greg Grogan and Jennifer Neilsson (Executive Compensation & Employee Benefits).

Involved fees earner: Ryan Bekkerus – Simpson Thacher & Bartlett; Ben Carson – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Adeeb Fadil – 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; Jennifer Neilsson – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: GFL Environmental Inc;

Author: Martina Bellini