GFL Environmental Inc. (NYSE: GFL, TSX: GFL) announced a proposed private offering of $750 million in aggregate principal amount of senior notes due 2031, according to a press release issued June 22, 2026.

The notes will be issued by a U.S. wholly owned subsidiary of GFL and guaranteed by GFL and certain of its other subsidiaries. The offering is subject to market and other conditions.

GFL said it intends to use the proceeds to repay amounts drawn on its revolving credit facility and to fund fees and expenses. The company said the proceeds would also help fund a portion of the cash consideration and transaction costs related to its previously announced acquisition of SECURE Waste Infrastructure Corp., as well as other growth initiatives.

The company said the offering is expected to lower its average effective borrowing rate and be leverage neutral, consistent with its stated goal of maintaining leverage in the mid 3.0x range.

The notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers under Rule 144A and outside the United States under Regulation S. In Canada, the notes will be offered on a private placement basis in certain provinces.

GFL describes itself as the fourth largest diversified environmental services company in North America, operating solid waste management services across Canada and 18 U.S. states with more than 15,000 employees.