VAUGHAN, ON – GFL Environmental Inc. (NYSE: NYSE:) (TSX: GFL), a North American environmental services company, disclosed today that a group of its shareholders, including BCEC GFL Borrower (Cayman) LP, Ontario Teachers’ Pension Plan Board, and others, are set to sell 17 million subordinate voting shares. The company itself will not receive any proceeds from this secondary offering.
The shares will be offered across all Canadian provinces and territories through a prospectus supplement to the company’s base shelf prospectus. In the U.S., the offering will proceed under a registration statement filed with the U.S. Securities and Exchange Commission (SEC), in line with the multi-jurisdictional disclosure system between Canada and the United States.
RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as the underwriters for the offering in the United States and Canada, respectively. While the timing and price of the shares have not been disclosed, potential investors are advised to read the company’s base shelf prospectus and the forthcoming prospectus supplement for more detailed information before investing.
GFL Environmental has a significant presence in the environmental services sector, ranking as the fourth largest diversified company of its kind in North America. It operates in both Canada and over half of the U.S. states, employing more than 20,000 people in its waste management, liquid waste management, and soil remediation services.
The news release also contains forward-looking statements, which are not guarantees of future performance but reflect the company’s current expectations. Such statements are based on assumptions and estimates that are subject to risks and uncertainties, which could cause actual results to differ materially. GFL has cautioned that these forward-looking statements should not be relied upon unduly and that they are subject to change.
Investors interested in the offering can access the related documents for free on the SEC’s EDGAR website or on SEDAR+ for Canadian filings. Alternatively, they can request copies from RBC Capital Markets, LLC or RBC Dominion Securities Inc. once available.
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