GFL Environmental Inc. has priced a private offering of US$1 billion in aggregate principal amount of 5.500 percent senior notes due 2034, in a transaction described as significantly oversubscribed. The notes will be issued by a U.S. wholly owned subsidiary of GFL and guaranteed by GFL and certain of its other subsidiaries.

GFL intends to use the net proceeds to repay amounts drawn under its revolving credit facility and for general corporate purposes, with the objective of maximizing available liquidity to support its growth strategy in 2026 and beyond.