GFL Environmental $300 million 9.875% senior unsecured notes issue

Overview:

• GFL Environmental has issued $300 million in senior notes.
• The 9.875% unsecured notes are due 2021.
• GFL will become one of the largest environmental services in Canada with total value aggregating to C$2.4 billion.
• Credit Suisse, BMO Capital Markets and Barclays Capital have acted as lead underwriters on the deal, while the others in the consortium were Scotiabank, CIBC Capital Markets, Comerica Securities, National Bank of Canada Financial Markets and Raymond James.

Katrin Kostadinova - Data analyst