GFL Environmental $900 million secondary offering
The subordinate voting shares are dual-listed on the NYSE and the Toronto Stock Exchange
Davis Polk advised the underwriters in connection with a $900 million dual-listed U.S. and Canadian secondary offering of 18,887,723 subordinate voting shares of GFL Environmental Inc. GFL’s subordinate voting shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “GFL.”
GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of more than 15,000 employees.
The Davis Polk capital markets team included partner Shane Tintle, counsel John H. Runne and associates Marquis J. Pullen and Tomisin Ogunsanya. The tax team included partner Michael Mollerus and associate Katherine S. Xiu. All members of the Davis Polk team are based in the New York office.