Simpson Thacher represented GFL Environmental Inc. (“GFL”) in connection with the Rule 144A / Regulation S offering of $500 million in aggregate principal amount of 5.125% Senior Secured Notes due 2026 and $275 million in aggregate principal amount of 7% Senior Notes due 2026. GFL intends to use the net proceeds from the offering (i) to fund certain acquisitions, including a pending acquisition, (ii) to repay outstanding borrowings under its revolving credit facility, (iii) to pay related fees and expenses in connection therewith and (iv) for general corporate purposes.
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 across Canada and in 23 states in the United States.
The Simpson Thacher team included Ryan Bekkerus, Matthew Levy, Elise Quinones and Ben Carson (Capital Markets); Eli Isak and Michael Gajewsky (Credit); Jonathan Pall (Collateral); Gary Mandel, Andrew Purcell and Sophie Staples (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Melanie Jolson (Intellectual Property); Greg Grogan and Patricia Adams (Executive Compensation & Employee Benefits).