VAUGHAN, ON, Sept. 25, 2023 /CNW/ – GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (“GFL” or the “Firm”), a number one North American diversified environmental companies firm, at present introduced that it has amended its US$729.0 million senior secured time period mortgage to cut back its borrowing fee to SOFR + 250 foundation factors from the earlier SOFR + 300 foundation factors, plus 10 foundation factors CSA, leading to a complete borrowing fee discount of 60 foundation factors.
“Our skill to reprice our senior secured time period mortgage on the tightest pricing phrases since 2021 for a corporation with our credit standing is a testomony to the development in our credit score high quality and the assist of our prime quality lengthy standing institutional debt traders, lots of whom have been with us for over a decade,” stated Patrick Dovigi, Founder and Chief Govt Officer of GFL. “This transaction will lead to roughly $6 million in annualized curiosity financial savings which shouldn’t solely improve free money move but in addition place us effectively for future credit standing upgrades.”
GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental companies firm in North America, offering a complete line of stable waste administration, liquid waste administration and soil remediation companies by means of its platform of amenities all through Canada and in additional than half of the U.S. states. Throughout its group, GFL has a workforce of greater than 20,000 staff.
This launch contains sure “forward-looking statements” and “forward-looking data” (collectively, “forward-looking data”) inside the which means of relevant U.S. and Canadian securities legal guidelines, respectively. Statements containing forward-looking data will not be historic details nor assurances of future efficiency however as an alternative symbolize administration’s expectations, estimates and projections relating to future occasions or circumstances. Ahead-looking data is predicated on our opinions, estimates and assumptions that we thought of acceptable and affordable as of the date such data is said and is topic to identified and unknown dangers, uncertainties, assumptions and different necessary components that will trigger the precise outcomes, stage of exercise, efficiency or achievements to be materially completely different from these expressed or implied by such forward-looking data. Essential components that would trigger precise outcomes to vary, presumably materially, from these indicated by the forward-looking data embody, however will not be restricted to, the components described within the “Threat Components” part of GFL’s annual data kind for the 2022 fiscal yr filed on Kind 40-F and GFL’s different periodic filings with the U.S. Securities and Alternate Fee and the securities commissions or related regulatory authorities in Canada. GFL undertakes no obligation to publicly replace any forward-looking data, besides as required by relevant securities legal guidelines.
For extra data:
Patrick Dovigi
+1 905-326-0101
SOURCE GFL Environmental Inc.
