Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
25 September 2023 - 8:49PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2023
Commission File Number: 001-39240
GFL Environmental Inc.
(Translation of registrant’s name into
English)
100 New Park Place, Suite 500
Vaughan, Ontario, Canada L4K 0H9
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ¨ Form
40-F x
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EXHIBIT INDEX
The following exhibit is furnished as part of this
Current Report on Form 6-K.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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GFL Environmental Inc. |
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By: |
/s/ Mindy Gilbert |
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Name: |
Mindy Gilbert |
Date: September 25, 2023 |
Title: |
Executive Vice President and Chief Legal Officer |
Exhibit 99.1
GFL Environmental Successfully Reprices its Senior Secured Term
Loan
VAUGHAN, ON, September 25, 2023 – GFL
Environmental Inc. (NYSE: GFL) (TSX: GFL) (“GFL” or the “Company”), a leading North American diversified environmental
services company, today announced that it has amended its US$729.0 million senior secured term loan to reduce its borrowing rate to SOFR
+ 250 basis points from the previous SOFR + 300 basis points, plus 10 basis points CSA, resulting in a total borrowing rate reduction
of 60 basis points.
“Our
ability to reprice our senior secured term loan on the tightest pricing terms since 2021 for a company with our credit rating is a testament
to the improvement in our credit quality and the support of our high quality long standing institutional debt investors, many of whom
have been with us for over a decade,” said Patrick Dovigi, Founder and Chief Executive Officer of GFL. “This transaction
will result in approximately $6 million in annualized interest savings which should not only increase free cash flow but also position
us well for future credit rating upgrades.”
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,
liquid waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the
U.S. states. Across its organization, GFL has a workforce of more than 20,000 employees.
Forward-Looking Information
This release includes certain “forward-looking
statements” and “forward-looking information” (collectively, “forward-looking information”) within the meaning
of applicable U.S. and Canadian securities laws, respectively. Statements containing forward-looking information are not historical facts
nor assurances of future performance but instead represent management’s expectations, estimates and projections regarding future
events or circumstances. Forward-looking information is based on our opinions, estimates and assumptions that we considered appropriate
and reasonable as of the date such information is stated and is subject to known and unknown risks, uncertainties, assumptions and other
important factors that may cause the actual results, level of activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Important factors that could cause actual results to differ, possibly materially,
from those indicated by the forward-looking information include, but are not limited to, the factors described in the “Risk Factors”
section of GFL's annual information form for the 2022 fiscal year filed on Form 40-F and GFL’s other periodic filings with
the U.S. Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada. GFL undertakes
no obligation to publicly update any forward-looking information, except as required by applicable securities laws.
For more information:
Patrick Dovigi
+1 905-326-0101
pdovigi@gflenv.com |
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