GFL Environmental Inc. Prices $1 Billion Senior Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Successful Bond Offering: GFL Environmental Inc. has successfully priced $1 billion in 5.500% senior notes, intended to repay amounts drawn on its revolving credit facility, thereby enhancing liquidity to support growth strategies in 2026.
- Oversubscription: The bond offering received strong backing from institutional investors, demonstrating market confidence in GFL and recognition of its capital management capabilities, further solidifying the company's financing foundation.
- Leverage Neutral: The bond issuance is expected to have an immaterial impact on the company's borrowing rate and maintain leverage in the low-to-mid 3.0x range, aligning with GFL's commitment to financial stability.
- Market Positioning: As the fourth largest diversified environmental services company in North America, GFL aims to further strengthen its market position in solid waste management through this financing, driving long-term value creation.
Analyst Views on GFL
Wall Street analysts forecast GFL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GFL is 55.75 USD with a low forecast of 33.18 USD and a high forecast of 64.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 42.690
Low
33.18
Averages
55.75
High
64.00
Current: 42.690
Low
33.18
Averages
55.75
High
64.00
About GFL
GFL Environmental Inc. is a Canada-based diversified environmental services company. The Company is engaged in offering solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling and disposal services. Its facilities type consists of convenience sites, landfills, material recovery facilities, organic processing, soil remediation sites and transfer stations. It has operations across Canada and the United States. The Company offers its services to municipal, residential, and commercial and industrial customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
