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GFL announces upsized secondary share offering at $34.45
GFL announces upsized secondary share offering at $34.45 By Investing.com
Breaking News
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EditorRachael RajanStock Markets
Published Feb 29, 2024 09:07AM ET
© Reuters.
VAUGHAN, ON – GFL Environmental Inc. (NYSE: NYSE:GFL) (TSX: GFL), a North American environmental services company, has set the price for its upsized secondary offering of subordinate voting shares.
The offering, increased by 4 million shares, will total 21 million shares priced at US$34.45 each. The selling shareholders, including BCEC-GFL Borrower (Cayman) LP and Ontario Teachers’ Pension Plan Board, will not pass any proceeds from the sale to GFL.
The shares will be offered in Canada through a prospectus supplement to GFL’s base shelf prospectus and in the U.S. following a registration statement on Form F-10 filed with the SEC. RBC Capital Markets, LLC and RBC Dominion Securities Inc. are the underwriters for the offering in the United States and Canada, respectively.
GFL, headquartered in Vaughan, Ontario, is recognized as the fourth largest diversified environmental services company in North America. It boasts a workforce of over 20,000 employees and offers services such as solid waste management, liquid waste management, and soil remediation across Canada and in more than half of the U.S. states.
This news article is based on a press release statement from GFL Environmental Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
GFL announces upsized secondary share offering at $34.45
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