GFL Environmental Prices US$1 Billion 5.500% Senior Notes to Keep Leverage Low-to-Mid 3.0x
GFL priced US$1bn 5.500% senior notes due 2034, oversubscribed and will use proceeds to repay revolver, maintaining leverage at low-to-mid 3.0x. The company will release its Q4 and FY2025 results and 2026 guidance after market close on February 11, followed by a conference call.
1. GFL Reschedules Q4 Conference Call and Confirms Release Date
GFL Environmental has moved its fourth quarter 2025 conference call to Wednesday, February 11, 2026 at 5:00 pm Eastern Time, with the release of its Q4 and full year 2025 results and 2026 guidance to follow immediately after market close that same day. Investors can access the live webcast via the company’s Investors page or dial in toll-free in Canada (1-833-950-0062) or the U.S. (1-833-470-1428) using access code 051473. Pre-registration is available through a secure link to receive an access code and PIN, allowing participants to bypass the operator on the day of the call. This change ensures market participants have timely visibility into GFL’s financial performance and strategic outlook for 2026.
2. GFL Prices US$1 Billion 5.500% Senior Notes Due 2034
On January 13, 2026, GFL priced an offering of US$1 billion in aggregate principal amount of senior notes due 2034 at a fixed coupon of 5.500%, in a transaction that was significantly oversubscribed. The notes will be issued by a U.S. subsidiary and guaranteed by GFL and select affiliates. Proceeds are earmarked to repay amounts drawn under the company’s revolving credit facility and for general corporate purposes, with the aim of preserving liquidity for growth initiatives. Management expects the offering to be leverage neutral, maintaining net debt to Adjusted EBITDA in the low-to-mid 3.0x range, and to have an immaterial impact on overall borrowing costs. CEO Patrick Dovigi highlighted the strong support from institutional debt investors as validation of GFL’s disciplined capital allocation and long-term value creation strategy.