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GFL Environmental Inc. Announces Closing of Secondary Offering by Selling Shareholders

1. GFL closed a secondary offering of 18,887,723 shares. 2. GFL acquired 7,056,027 shares during this offering. 3. Total shares purchased for cancellation is 31,725,083. 4. GFL’s NCIB capacity is now fully utilized. 5. GFL remains a major player in North America's waste management.

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FAQ

Why Bullish?

The buyback and secondary shares acquisition signals confidence in GFL, with shareholder value enhancing potential similar to past buyback impacts.

How important is it?

The article reflects significant corporate actions affecting GFL's share structure, crucial for investors.

Why Short Term?

Immediate effects seen in share price due to buybacks; historically, such actions often boost short-term stock performance.

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OTPPHPSBC Partners
, /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closing of the previously announced secondary offering (the "Offering") by Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC and entities affiliated with HPS Investment Partners, LLC of an aggregate of 18,887,723 subordinate voting shares. GFL acquired 7,056,027 subordinate voting shares under the Offering (the "Secondary Offering Transaction") pursuant to exemptive relief received by the Company from the Ontario Securities Commission on March 13, 2025, entitling it to purchase up to 38,157,045 subordinate voting shares in certain secondary offerings until March 13, 2026 (the "Order"). On March 25, 2025, GFL also purchased 17,050,298 subordinate voting shares from funds managed by BC Partners (the "Share Repurchase Transaction"). In addition, GFL has purchased 7,618,758 subordinate voting shares under its normal course issuer bid announced on February 27, 2025 (the "NCIB"). Across the Secondary Offering Transaction, the Share Repurchase Transaction and its NCIB, GFL has purchased for cancellation a total of 31,725,083 subordinate voting shares. As a result, GFL has used all available capacity under its NCIB but still retains the ability to purchase up to 14,050,720 subordinate voting shares pursuant to the Order. About GFL 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. For more information: Patrick Dovigi+1 905-326-0101[email protected] SOURCE GFL Environmental Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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