GFL Environmental announces buyback of 17.05M subordinate voting shares

GFL Environmental (GFL) announced that it has purchased for cancellation 17,050,298 subordinate voting shares directly from funds managed by BC Partners at a net price of $46.92 per share, representing a discount of approximately 3.5% to the closing price of the company’s subordinate voting shares on the New York Stock Exchange on March 25, 2025. The Share Repurchase Transaction was completed pursuant to a definitive share purchase agreement entered into between the company and the Selling Shareholder. Pursuant to the terms of the agreement, the Selling Shareholder has agreed to a customary lock-up in respect of its remaining subordinate voting shares, for a six-month period. GFL also announced that it has agreed to purchase for cancellation up to 7,056,027 subordinate voting shares from RBC Dominion Securities Inc. under the secondary offering of 15,739,769 subordinate voting shares announced earlier by Ontario Teachers’ Pension Plan Board, GFL Borrower II LP, Poole Private Capital, LLC, and entities affiliated with HPS Investment Partners, LLC, subject to determination of the offering price.