GFL Environmental Inc. Announces Agreement to Sell Environmental Services Business Valued at $8.0 Billion

$8.0 billion valuation significantly exceeds management's initial expectations Proceeds to be used to repay up to $3.75 billion of debt and for opportunistic share repurchases of up to $2.25 billion Transaction allows GFL to roll $1.7 billion of equity in a tax efficient structure allowing for significant future value accretion Pro forma Net Leverage1 of 3.0x creates greater financial flexibility and accelerates path to investment grade Reduces annualized cash interest by approximately $200 million, signif ...