Mergers & Acquisitions ·
GFL Environmental Inc. closed its acquisition of SECURE Waste Infrastructure Corp., financing the transaction through…
GFLGFL Environmental Inc.
GFL Environmental Inc. closed its acquisition of SECURE Waste Infrastructure Corp., financing the transaction through existing revolving credit capacity, the issuance of 75,126,306 GFL subordinate voting shares, and a new US$1 billion senior secured term loan maturing in August 2033 at SOFR plus 200 basis points. The deal adds over 2,000 employees to GFL's workforce of more than 17,000, with SECURE management retaining leadership roles. SECURE shares delisted from the Toronto Stock Exchange on September 2, 2026, while new GFL shares began trading under ticker "GFL" on that date. The acquisition is expected to accelerate multi-year financial targets and increase capital deployment capacity while maintaining a targeted year-end Net Leverage in the mid-3s. GFL Environmental Inc. operates in the environmental services industry, providing comprehensive solid waste management services across Canada and 19 U.S. states.