GFL Environmental (TSE:GFL) has released an update.
GFL Environmental Inc. is set to launch a private offering of $500 million in senior notes due 2032 to refinance existing debt, aiming to improve its capital structure and extend debt maturities with minimal impact on its free cash flow. The offering aims to transition more debt from secured to unsecured and the proceeds will be used to redeem the company’s $500 million 4.250% Senior Secured Notes due 2025. This strategic financial move is designed to maintain leverage neutrality while potentially offsetting increased interest expenses with cash tax savings.
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