The high-yield notes are due 2032

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering of $500 million aggregate principal amount of 6.625% senior notes due 2032 by Wrangler Holdco Corp, an indirect wholly owned subsidiary of GFL Environmental Inc. The proceeds of the notes offering will be used to redeem all of GFL’s outstanding 4.250% senior secured notes due 2025.

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

The Davis Polk capital markets team included partner Shane Tintle, counsel John H. Runne and associates Marquis J. Pullen, Tomisin Ogunsanya and Javier Félix. The tax team included partner Mario J. Verdolini and associate Ben Silver. Counsel David A. Zilberberg and associate Shefain Islam provided environmental advice. All members of the Davis Polk team are based in the New York office.