Latham Advises on GFL Environmental Secondary Offering and Agreement to Repurchase 1,275,000 Subordinate Voting Shares

Latham & Watkins LLP represented GFL Environmental Inc. and HPS Investment Partners, LLC in the transaction. GFL Environmental Inc. (NYSE: GFL) (TSX: GFL), a diversified environmental services company in North America, has closed the previously announced secondary offering by BCEC-GFL Borrower (Cayman) LP (an entity affiliated with BC Partners Advisors L.P.), the Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP and entities affiliated with HPS Investment Partners, LLC (collectively, the Selling Shareholders). The Selling Shareholders sold a total of 16,611,295 subordinate voting shares at a public offering price of US$45.15 per share. RBC Capital Markets, LLC and RBC Dominion Securities Inc. acted as underwriters in the United States and Canada, respectively. Under the offering, GFL also agreed to purchase for cancellation a total of 1,275,000 subordinate voting shares from RBC Dominion Securities Inc. Latham & Watkins LLP represented GFL Environmental Inc. and HPS Investment Partners, LLC with a team composed by: Stelios Saffos (Global Chair, Capital Markets Practice) leading the team; partners Peter Sluka, Brittany Ruiz and Andrew Blumenthal; associates Connor Adams, Robyn Sablove, Adam Picker and Kan Ni; with assistance from Jen Kim. Tax advice in the matter was provided by partners Matthew Dewitz and Eric Kamerman (tax practice).

Latham Advises on GFL Environmental Secondary Offering and Agreement to Repurchase 1,275,000 Subordinate Voting Shares

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads