GFL Environmental closes acquisition of SECURE Waste Infrastructure
GFL•GFL closes SECURE acquisition
GFL Environmental said it has closed its acquisition of SECURE Waste Infrastructure under a previously announced arrangement agreement.
Financing for the transaction used revolving credit capacity, issuance of 75,126,306 subordinate voting shares, and a new US$1 billion senior secured term loan.
Financing terms and share listing timing
The term loan matures around Aug. 28, 2033, paying SOFR +200 basis points, about 5% after cross-currency swaps.
SECURE shares are expected to be delisted from the Toronto Stock Exchange at the close on or about Sept. 2, 2026.
GFL shares issued to SECURE shareholders are expected to begin trading on the TSX and NYSE on or about Sept. 2, 2026.
