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.
Canada's GFL sells environmental services business in $5.6 billion deal to cut debt
(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 Environmental Inc. Announces Agreement to Sell Environmental Services Business Valued at $8.0 Billion
GFL Environmental Inc. announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo and BC Partners for the sale
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
Apollo, BC Partners close to buying GFL Environmental unit, Bloomberg says
Apollo Global and BC Partners-backed consortium is close to buying a controlling stake in GFL Environmental (GFL) Inc.’s environmental services
Apollo, BC Partners agree to acquire GFL environmental services unit
Apollo Global Management Inc. and BC Partners agreed to acquire a controlling stake in GFL Environmental Inc.’s environmental services unit, in a deal that values the business at $8 billion including debt.
GFL Environmental Inc. to sell majority stake in Environmental Services business to Apollo, BC Partners
GFL will retain a CA$1.7 billion equity interest in the business and expects to realize cash proceeds of CA$6.2 billion.
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
Canada's GFL to sell environmental services business in $5.6 billion deal
GFL Environmental will sell its environmental services division to Apollo Global Management and BC Partners in a deal valued at C$8 billion ($5.59 billion), the Canadian waste management company said on Tuesday.
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 Strikes $5.59 Billion Deal to Sell Environmental Services Unit to Apollo, BC Partners
GFL Environmental (GFL) agreed to sell a majority stake in its environmental services business to funds managed by affiliates of Apollo Global Management (APO) and BC Partners in a deal worth 8 billion Canadian dollars ($5.
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