Latham & Watkins Advises on GFL Environmental Inc.’s Upsized Secondary Offering by Selling Shareholders

GFL Environmental Inc. (NYSE: GFL) (TSX: GFL), a diversified environmental services company in North America, has announced the pricing of the previously announced secondary offering (the Offering) by Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC, and entities affiliated with HPS Investment Partners, LLC (collectively, the Selling Shareholders) of 18,887,723 subordinate voting shares (the Shares), which represents an increase of 3,147,954 Shares from the previously announced offering size, at the public offering price of US$47.65 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 announced today that it has agreed to purchase for cancellation a total of 7,056,027 Shares under the Offering.

Latham & Watkins LLP represented GFL Environmental and HPS Investment Partners, LLC, one of the selling shareholders, in the offering, with a team led by partners Stelios Saffos, Global Vice Chair of Latham’s Capital Markets Practice, Peter Sluka, Brittany Ruiz and Andrew Blumenthal, and counsel Hana Nah, with associates James Sullivan, Adam Picker, and Kan Ni. Advice was also provided on tax matters by partners Matthew Dewitz and Eric Kamerman.