GFL Environmental (TSE:GFL) has released an update.
GFL Environmental Inc. has achieved a significant financial milestone by amending its senior secured term loan to not only lower the interest rate but also extend the loan’s maturity from 2027 to 2031, reflecting confidence from investors due to the company’s credit rating upgrade and commitment to reduce leverage. This strategic move is anticipated to enhance GFL’s free cash flow and advance them towards their target net leverage, further aligning with their medium-term goal of attaining an investment grade credit rating.
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