Apollo, BC Partners Near Deal for $5.6 Billion GFL Environmental Services Unit
BC Partners agreed to acquire a controlling stake in GFL Environmental Inc.’s environmental services unit, in a deal that values the business at C$8 billion ($5.6 billion) including debt.The consortium is set to buy a 56% stake in the business,
Canada's GFL sells environmental services business in $5.6 billion deal to cut debt
By Anshuman Tripathy (Reuters) -GFL Environmental said on Tuesday it would sell its environmental services division in a deal valued at C$8 billion ($5.59 billion), as the Canadian waste management company aims to pare debt and buy back shares.
GFL sells environmental services unit to pay down debt, but deal complicates end goal
The waste management giant can use cash proceeds from the sale to Apollo and BC Partners to pay down its existing debt, but the complex transaction will add new debt
GFL selling environmental services division to Apollo, BC Partners for $5.6B
GFL will retain a 44% stake in the division, with the option to repurchase within five years. The news marks a turning point in the company’s effort to reduce its debt leverage.
GFL Environmental to Sell Environmental Services Business in $5.6 Billion Deal
The Canadian company will retain an equity interest as part of a deal with funds managed by affiliates of Apollo and BC Partners.
GFL Environmental to sell majority of Environmental Services business for $6.2B
GFL Environmental (GFL) announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo (APO) and BC
GFL Environmental To Sell Stake In Environmental Services Business: Debt Reduction & Stock Buyback On The Cards
GFL Environmental is selling stake in its Environmental Services business to Apollo Global Management and BC Partners.
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GFL Environmental Inc (GFL) Stock Trading Recap
GFL Environmental Inc (GFL) stock saw a modest uptick, ending the day at $44.75 which represents a slight increase of $1.22 or 2.80% from the prior close of $43.53. The stock opened at $43.48 and ...
GFL CEO intends to kick-start solid waste M&A spending in ‘2025 and beyond’
The company had slowed its M&A spending to focus on reducing debt, but CEO Patrick Dovigi said during an investor call that ...
GFL To Sell Environmental Services Business To Apollo Funds, BC For C$8 Bln
GFL Environmental Inc. (GFL), a Canadian waste management firm, announced on Tuesday that it has inked a deal with funds managed by ...
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GFL ENVIRON-TS (CVE:GFL) Price Target Raised to C$80.00
GFL ENVIRON-TS (CVE:GFL – Get Free Report) had its price target hoisted by stock analysts at ATB Capital from C$75.00 to C$80 ...
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Kevin Lee Confirms Tony Ferguson's Negotiations with GFL
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Global Fight League's list of male fighter signings is long and distinguished
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