GFL Environmental

$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 Leverage 1 of 3.0x creates greater financial flexibility and accelerates path to investment grade Reduces annualized cash interest by approximately $200 million, significantly improving Adjusted Free Cash Flow 1  conversion Maintains synergies between Environmental Services and Solid Waste businesses VAUGHAN, ON , Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has entered into a definitive agreement (the "Transaction Agreement") with funds managed by affiliates of Apollo (NYSE:APO) (the "Apollo Funds") and BC Partners (the "BC Funds") for the sale of its Environmental Services business for an enterprise value of $8.0 billion (the "Transaction"). GFL will retain a $1.7 billion equity interest in the Environmental Services business and expects to realize cash proceeds from the Transaction of approximately $6.2 billion net of the retained equity and taxes.» Mehr auf prnewswire.com

VAUGHAN, ON , Jan. 02, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that the Board of Directors of the Company has declared a cash dividend of US$0.014 for each outstanding subordinate voting share and multiple voting share of the Company for the fourth quarter of 2024.   The cash dividend will be paid on January 31, 2025 to shareholders of record at the close of business on January 13, 2025.» Mehr auf prnewswire.com

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