We advised the initial purchasers on the high-yield offering

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering of $750 million aggregate principal amount of 5.625% senior notes due 2031 by GFL Environmental Holdings (US), Inc., an indirect wholly owned subsidiary of GFL Environmental Inc. GFL intends to use the proceeds from the offering to repay amounts drawn on its revolving credit facility and to fund fees and expenses, with a view to maximizing its available liquidity to fund a portion of the cash consideration, transaction costs and expenses for the previously announced acquisition of SECURE Waste Infrastructure Corp. and to pursue other growth initiatives.

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

The Davis Polk capital markets team included partner Shane Tintle, counsel John H. Runne and associates Marquis J. Pullen and Mark Wang. The tax team included counsel Dustin Plotnick and associate Hunter P. Shaw. 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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