Brief: GFL Environmental Agrees To Sell Environmental Services Business Valued At $8 Bln

GFL Environmental

07/01/2025 11:17

Jan 7 (Reuters) - GFL Environmental Inc  GFL.TO :
    * . ANNOUNCES AGREEMENT TO SELL ENVIRONMENTAL SERVICES
BUSINESS
VALUED AT $8.0 BILLION
    * TO RETAIN $1.7 BILLION EQUITY INTEREST IN ENVIRONMENTAL
SERVICES
BUSINESS
    * PROCEEDS TO BE USED TO REPAY UP TO $3.75 BILLION OF DEBT
AND FOR
OPPORTUNISTIC SHARE REPURCHASES OF UP TO $2.25 BILLION
    * TO RETAIN 44% EQUITY INTEREST IN ENVIRONMENTAL SERVICES
BUSINESS
    * EXPECTS TO REALIZE CASH PROCEEDS FROM TRANSACTION OF
APPROXIMATELY $6.2 BILLION NET OF RETAINED EQUITY AND TAXES

Source text:  ID:nCNWvtwD3a 
Further company coverage:  GFL.TO 

 ((Reuters.Brief@thomsonreuters.com))