GFL Environmental Inc. (NYSE: GFL) (TSX: GFL), a diversified environmental services company in North America, has closed its previously announced secondary offering (the Offering) by BCEC-GFL Borrower (Cayman) LP (an entity affiliated with BC Partners Advisors L.P.), Ontario Teachers’ Pension Plan Board, GFL Borrower II (Cayman) LP and entities affiliated with HPS Investment Partners, LLC (collectively, the Selling Shareholders) of 16,611,295 subordinate voting shares at the public offering price of US$45.15 per Share. RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as underwriters for the Offering in the United States and Canada, respectively. GFL also agreed to purchase for cancellation a total of 1,275,000 Shares from RBC Dominion Securities Inc. under the Offering.
Latham & Watkins LLP represented GFL Environmental and HPS Investment Partners, LLC, one of the selling shareholders, in the transaction, with a team led by Stelios Saffos, Global Chair of Latham’s Capital Markets Practice, and partners Peter Sluka, Brittany Ruiz, and Andrew Blumenthal, with associates Connor Adams, Robyn Sablove, Adam Picker, and Kan Ni, with assistance from Jen Kim. Advice was also provided on tax matters by partners Matthew Dewitz and Eric Kamerman.
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