TSX:GFLCommercial Services
Is GFL’s US$1 Billion Note Issue Reshaping The Investment Case For GFL Environmental (TSX:GFL)?
Earlier in January 2026, GFL Environmental Inc. completed a significantly oversubscribed private offering of US$1 billion 5.500% senior notes due 2034, issued by a U.S. subsidiary and guaranteed by GFL and certain other subsidiaries.
The company plans to use the proceeds to repay borrowings on its revolving credit facility and bolster liquidity for its 2026 growth plans while keeping overall leverage in the low-to-mid 3.0x range.
We’ll now examine how this US$1 billion senior notes issuance...