Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
GFL Environmental ( (TSE:GFL) ) has provided an announcement.
GFL Environmental Inc. plans to launch a US$1 billion private offering of senior notes due 2034 through a U.S. wholly owned subsidiary, with the notes guaranteed by GFL and certain subsidiaries. The company intends to use the proceeds to repay borrowings under its revolving credit facility and for general corporate purposes, aiming to maximize liquidity to support its growth strategy in 2026 and beyond while keeping the transaction leverage neutral and with an immaterial effect on its borrowing costs, underscoring its commitment to maintaining leverage in the low-to-mid 3.0x range and disciplined balance-sheet management.
The most recent analyst rating on (TSE:GFL) stock is a Buy with a C$59.00 price target. To see the full list of analyst forecasts on GFL Environmental stock, see the TSE:GFL Stock Forecast page.
Spark’s Take on TSE:GFL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFL is a Neutral.
GFL Environmental’s overall stock score is driven by strong earnings call performance and positive corporate events, which are offset by financial challenges and weak technical indicators. The company’s strategic focus on growth and capital returns is promising, but high leverage and valuation concerns pose risks.
To see Spark’s full report on TSE:GFL stock, click here.
More about GFL Environmental
GFL Environmental Inc. is the fourth-largest diversified environmental services company in North America, providing comprehensive solid waste management services through a network of facilities across Canada and 18 U.S. states. The company employs more than 15,000 people and focuses on broad-based waste collection, processing and disposal solutions for municipal, commercial and industrial customers.
Average Trading Volume: 349,601
Technical Sentiment Signal: Hold
Current Market Cap: C$21.24B
For detailed information about GFL stock, go to TipRanks’ Stock Analysis page.