GFL Environmental (GFL) said Monday that certain shareholders completed the sale of 18,887,723 subordinate voting shares in a secondary offering.
The shares were offered by Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman), Poole Private Capital, and entities affiliated with HPS Investment Partners, the company said.
GFL acquired 7,056,027 subordinate voting shares under the offering.
Additionally, GFL purchased 17,050,298 subordinate voting shares from funds managed by BC Partners and 7,618,758 subordinate voting shares under a previously announced normal course issuer bid.
In total, the company said it bought 31,725,083 subordinate voting shares for cancellation and retains the ability to acquire up to 14,050,720 subordinate voting shares under a previous authorization.
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