We advised the initial purchasers on the high-yield notes offering

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering of $1 billion aggregate principal amount of 5.500% senior notes due 2034 by GFL Environmental Holdings (US), Inc., an indirect wholly owned subsidiary of GFL Environmental Inc. The proceeds of the notes offering will be used to pay down GFL Environmental Inc.’s revolving credit facility and the remainder for general corporate purposes.

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of more than 15,000 employees.

The Davis Polk capital markets team included partner Shane Tintle, counsel John H. Runne and associates Marquis J. Pullen and Paul M. Sessa. The tax team included counsel Dustin Plotnick and associate Katherine S. Xiu. Counsel David A. Zilberberg provided environmental advice. Counsel Chaoyuan (Charles) Shi provided executive compensation advice. All members of the Davis Polk team are based in the New York office.

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