The 6.75% notes are due 2031 

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering of $1 billion aggregate principal amount of 6.750% senior secured notes due 2031 by GFL Environmental Inc. The proceeds of the notes offering will be used to repay borrowings under GFL’s term loan and revolving credit facilities.

GFL, headquartered in Vaughan, Ontario, is one of the largest diversified environmental services companies in North America, providing a comprehensive line of solid waste management, liquid waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the U.S. states. GFL has more than 20,000 employees and provides its broad range of environmental services, including collection, transportation, transfer, recycling and disposal services, to municipal, residential, and commercial and industrial customers.

The Davis Polk capital markets team included partner Shane Tintle, counsel Joseph S. Payne and associates Sean Choi and Marquis J. Pullen. The finance team included counsel Mayer J. Steinman and associate Anmol Sheth. The tax team included partner Mario J. Verdolini and associate Ben Silver. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.

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