Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR UNSECURED NOTES AND SENIOR SECURED NOTES

GFL Environmental Inc. is planning to commence, subject to market and other conditions, a private offering of $275-million (U.S.) in aggregate principal amount of 7.000 per cent unsecured senior notes due 2026 and $500-million (U.S.) in aggregate principal amount of senior secured notes due 2026. GFL previously issued $400-million (U.S.) in aggregate principal amount of its 7.000 per cent unsecured senior notes due 2026 and the unsecured notes will be treated as additional notes under the indenture governing the unsecured notes and will be treated as a single series with the existing unsecured notes under such indenture. In addition to the notes, GFL expects to raise a minimum of $300-million of equity from existing shareholders of GFL. The closings of the equity financing and the notes offering are not contingent on each other.

GFL intends to use the net proceeds from the offering of the notes, together with the equity financing, (i) to finance certain acquisitions, including a pending acquisition, (ii) to repay outstanding borrowings under its revolving credit facility, (iii) to pay related fees and expenses in connection therewith, and (iv) for general corporate purposes.

About GFL Environmental Inc.

GFL, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure, and soil remediation and liquid waste management services through its platform of facilities across Canada and in 23 states in the United States.

We seek Safe Harbor.