GFL Environmental prices secondary offering at $45.15 per share

GFL Environmental Inc. (NYSE: GFL) announced the pricing of a secondary offering by selling shareholders of 16,611,295 subordinate voting shares at $45.15 per share. The selling shareholders include BCEC-GFL Borrower (Cayman) LP, an entity affiliated with BC Partners Advisors L.P., Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP and entities affiliated with HPS Investment Partners, LLC.

RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as underwriters for the offering in the United States and Canada, respectively.

GFL also announced it has agreed to purchase for cancellation 1,275,000 shares from RBC Dominion Securities Inc. under the offering. The company's board of directors unanimously approved the share repurchase upon recommendation of a special committee composed of independent and disinterested directors.

The shares will be offered in all provinces and territories of Canada through a prospectus supplement to the company's short form base shelf prospectus. GFL has filed a registration statement on Form F-10 with the U.S. Securities and Exchange Commission.

The base shelf prospectus is accessible, and the prospectus supplement will be available on or about November 24, 2025, through SEDAR+. Documents may also be accessed through the SEC website.

GFL, headquartered in Vaughan, Ontario, describes itself as the fourth largest diversified environmental services company in North America, providing solid waste management services through facilities throughout Canada and in 18 U.S. states. The company has approximately 15,000 employees.

You May Also Be Interested In

• Wrap Technologies closes $12M stock offering at $1.40 per share
• OMNIQ Corp. posts Q2 2026 revenue of $7.4M, widens net loss
• Precision Optics names Peter Thier as SVP of sales and marketing