Latham & Watkins Advises on GFL Environmental Inc.’s Offering of US$210 Million of Tax-Exempt Industrial Revenue Bonds

GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (GFL) has announced the pricing of US$210 million in aggregate principal amount of Florida Development Finance Corporation (the Issuer) Solid Waste Disposal Revenue Bonds (the Bonds) at 4.375% in a transaction that was significantly oversubscribed. The Bonds will have an initial mandatory tender date of October 1, 2031. The Issuer will loan the proceeds of the Bonds to a subsidiary of GFL to finance or refinance certain solid waste disposal facilities located in the State of Florida. The loan is an unsecured obligation that will be guaranteed by GFL and certain of its subsidiaries.

Latham & Watkins LLP represented GFL Environmental in the offering with a capital markets team led by partners Stelios Saffos, Peter Sluka, and Brittany Ruiz and counsel Anna Rienhardt, with associate Hana Nah.