GFL Environmental to Sell Environmental Services Business in Deal Worth $8B

Dow Jones

2025/01/07

GFL Environmental has reached an agreement to sell its environmental services business in a deal valued at C$8 billion ($5.59 billion). GFL expects cash proceeds from the deal to be around C$6.2 billion. It intends to use up to C$3.75 billion of the net proceeds to repay debt, leaving up to C$2.25 billion for share repurchases. "GFL Environmental to Sell Environmental Services Business in Deal Worth $8B," at 6:27 a.m. ET, incorrectly said the deal was transacted in U.S. dollars.

(END) Dow Jones Newswires

January 07, 2025 06:50 ET (11:50 GMT)

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GFL expects cash proceeds from the deal to be around C$6.2 billion. It intends to use up to C$3.75 billion of the net proceeds to repay debt, leaving up to C$2.25 billion for share repurchases. \"GFL Environmental to Sell Environmental Services Business in Deal Worth $8B,\" at 6:27 a.m. ET, incorrectly said the deal was transacted in U.S. dollars. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 06:50 ET (11:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GFL Environmental to Sell Environmental Services Business in Deal Worth $8B</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGFL Environmental to Sell Environmental Services Business in Deal Worth $8B\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-01-07 19:27</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  GFL Environmental has reached an agreement to sell its environmental services business in a deal valued at C$8 billion ($5.59 billion). GFL expects cash proceeds from the deal to be around C$6.2 billion. It intends to use up to C$3.75 billion of the net proceeds to repay debt, leaving up to C$2.25 billion for share repurchases. \"GFL Environmental to Sell Environmental Services Business in Deal Worth $8B,\" at 6:27 a.m. ET, incorrectly said the deal was transacted in U.S. dollars. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2025 06:50 ET (11:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GFL","symbol_name":"GFL Environmental Holdings Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501274781","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501274781","pubTimestamp":1736249220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"GFL Environmental has reached an agreement to sell its environmental services business in a deal valued at $8 billion, though it would retain an equity interest in the business.The Canadian company, which transports and recycles waste, among other services, said it reached the agreement with funds managed by affiliates of Apollo and BC Partners. It will retain a 44% equity interest in the business, while funds managed by affiliates of Apollo and BC Funds will each hold a 28% equity interest.GFL said its board, when excluding interested directors who have recused themselves, have unanimously approved the transaction. The deal is expected to close in the first quarter of 2025.GFL expects cash proceeds from the deal to be around $6.2 billion. It intends to use up to $3.75 billion of the net proceeds to repay debt, leaving up to $2.25 billion for share repurchases. The balance will go to transaction fees and general corporate purposes.Dovigi noted that the company will maintain an option t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GFL":"GFL Environmental Holdings Inc."},"translate_title":"GFL Environmental将出售环境服务业务，交易价值8B美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GFL":1},"content_text":"GFL Environmental has reached an agreement to sell its environmental services business in a deal valued at C$8 billion ($5.59 billion). GFL expects cash proceeds from the deal to be around C$6.2 billion. It intends to use up to C$3.75 billion of the net proceeds to repay debt, leaving up to C$2.25 billion for share repurchases. \"GFL Environmental to Sell Environmental Services Business in Deal Worth $8B,\" at 6:27 a.m. ET, incorrectly said the deal was transacted in U.S. dollars. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2025 06:50 ET (11:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}