Davis Polk advised the underwriters in connection with a $594 million dual-listed U.S. and Canadian secondary offering of 17,500,000 subordinate voting shares of GFL Environmental Inc. GFL’s subordinate voting shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “GFL.”
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 & soil remediation and liquid waste management services through its platform of facilities across Canada and in 27 states in the United States. Across its organization, GFL has a workforce of more than 15,000 employees.
The Davis Polk capital markets team included partner Shane Tintle and associates John H. Runne and David Giron. The Davis Polk tax team included partner Mario J. Verdolini and associate Ben Levenback. All members of the Davis Polk team are based in the New York office.