GFL Environmental ( (TSE:GFL) ) has provided an update.
GFL Environmental Inc. has completed the sale of its Environmental Services business for $8 billion, retaining a $1.7 billion equity interest. The company plans to use up to $3.75 billion of the proceeds to repay debt, with $2.25 billion potentially allocated for share repurchases, subject to market conditions, and the remainder for transaction fees and general corporate purposes. This transaction is expected to significantly impact GFL’s financial strategy, potentially improving its debt position and shareholder value.
More about GFL Environmental
GFL Environmental Inc., headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America. It provides solid waste management services across Canada and more than half of the U.S. states, employing over 15,000 people.
YTD Price Performance: 1.43%
Average Trading Volume: 1,571,440
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $17.8B
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