Reported Earlier, GFL Environmental Prices $500M 6.625% Senior Notes Due 2032 Private Offering
Portfolio Pulse from Benzinga Newsdesk
GFL Environmental has priced a $500 million 6.625% Senior Notes due 2032 private offering. The proceeds will be used to redeem all of GFL's outstanding $500 million 4.250% Senior Secured Notes due 2025, including related fees and interest.
June 07, 2024 | 7:17 am
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GFL Environmental has announced a $500 million 6.625% Senior Notes due 2032 private offering. The proceeds will be used to redeem the company's outstanding $500 million 4.250% Senior Secured Notes due 2025, including related fees and interest.
The refinancing of debt from 4.250% to 6.625% indicates a higher cost of borrowing, which could impact GFL's financials. However, the move to extend the maturity to 2032 provides longer-term stability.
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