VAUGHAN,
ON, May 18, 2023 /CNW/ - GFL Environmental
Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today
announced the pricing of the previously announced secondary
offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, OTPP
Environmental Services Trust, GFL Borrower II (Cayman) LP and Poole
Private Capital, LLC (collectively, the "Selling Shareholders") of
18,176,073 subordinate voting shares (the "Shares"), which
represents an increase of 4,091,566 Shares from the previously
announced offering size, at the public offering price of
US$36.20 per Share. GFL will not
receive any proceeds from the Offering. Goldman Sachs & Co. LLC
and Goldman Sachs Canada Inc. will act as underwriters for the
Offering in the United States and
Canada, respectively.
The Shares issued pursuant to the Offering will be offered in
all provinces and territories of Canada by way of a prospectus supplement (the
"Prospectus Supplement") to the Company's short
form base shelf
prospectus (the "Final Base Shelf Prospectus"). The Company has filed a registration statement
on Form F-10 (the "Form F-10") and will file the Prospectus
Supplement with the U.S. Securities and Exchange Commission
(the "SEC") in accordance with the multi-jurisdictional
disclosure system established between Canada and the
United States.
No securities regulatory authority has either approved or
disapproved the contents of this news release.
This news release
shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any province, state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such province, state or jurisdiction.
Prospective investors should read the Final Base Shelf
Prospectus, the Prospectus Supplement, when available, and the
documents incorporated by reference therein before investing in the
Shares. When available, these documents may be accessed for free on
SEDAR at www.sedar.com.
GFL has filed the Form F-10
registration
statement (including a prospectus) with the SEC
for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement and other documents the issuer has filed with the SEC for
more complete information about the issuer and this offering. You
may get these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, copies of the
prospectus and Prospectus Supplement relating to the Offering may
be obtained, when available, upon request from Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street,
New York, NY 10282, or by
telephone: 1-866-471-2526, or by facsimile: 212-902-9316 or by
emailing Prospectus-ny@ny.email.gs.com or Goldman Sachs Canada
Inc., TD North Tower, 77 King Street West Suite 3400, Toronto, ON M5K 1B7.
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 Statements
This news release includes certain "forward-looking statements"
within the meaning of applicable securities laws, including
statements relating to the proposed Offering. In some cases, but
not necessarily in all cases, forward-looking statements can be
identified by the use of forward looking terminology such as
"plans", "targets", "expects" or "does not expect", "is expected",
"an opportunity exists", "is positioned", "estimates", "intends",
"assumes", "anticipates" or "does not anticipate" or "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might", "will"
or "will be taken", "occur" or "be achieved". In addition, any
statements that refer to expectations, projections or other
characterizations of future events or circumstances contain
forward-looking statements. Forward-looking statements are not
historical facts, nor guarantees or assurances of future
performance but instead represent management's current beliefs,
expectations, estimates and projections regarding future events and
operating performance. Forward-looking statements are necessarily
based on a number of opinions, assumptions and estimates that,
while considered reasonable by GFL as of the date of this release,
are subject to inherent uncertainties, risks and changes in
circumstances that may differ materially from those contemplated by
the forward-looking statements. Important factors that could cause
actual results to differ, possibly materially, from those indicated
by the forward-looking statements 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. These
factors are not intended to represent a complete list of the
factors that could affect GFL. However, such risk factors should be
considered carefully. There can be no assurance that such estimates
and assumptions will prove to be correct. You should not place
undue reliance on forward-looking statements, which speak only as
of the date of this release. GFL undertakes no obligation to
publicly update any forward-looking statement, except as required
by applicable securities laws.
For more information:
Patrick Dovigi
+1 905 326-0101
pdovigi@gflenv.com
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SOURCE GFL Environmental Inc.