Apollo, BC Partners Near Deal for $5.6 Billion GFL Environmental Services Unit
BC Partners agreed to acquire a controlling stake in GFL Environmental Inc.’s environmental services unit, in a deal that values the business at C$8 billion ($5.6 billion) including debt.The consortium is set to buy a 56% stake in the business,
GFL Environmental to Sell Environmental Services Business in $5.6 Billion Deal
GFL Environmental has reached an agreement to sell its environmental services business in a deal valued at 8 billion Canadian dollars, equivalent to about $5.59 billion, though it would retain an ...
GFL Environmental to sell majority of Environmental Services business for $6.2B
GFL Environmental (GFL) announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo (APO) and BC
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.
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 intends to use up to $3.75 billion of the net proceeds from the Transaction to repay debt, making available up to $2.25 billion for the repurchase of GFL shares, subject to market conditions, and the balance for transaction fees and general corporate purposes. Net Leverage 1, pro forma for the planned use of proceeds, is expected to be 3.0x.
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
GFL Environmental To Sell Stake In Environmental Services Business: Debt Reduction & Stock Buyback On The Cards
GFL Environmental is selling stake in its Environmental Services business to Apollo Global Management and BC Partners.
ATB Capital Issues Positive Forecast for GFL ENVIRON-TS (CVE:GFL) Stock Price
GFL ENVIRON-TS (CVE:GFL – Get Free Report) had its target price hoisted by ATB Capital from C$75.00 to C$80.00 in a research ...
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Apollo, BC to buy GFL’s environmental services biz for C$8.0bn
Apollo and BC will each hold a 28% equity stake in the business GFL will retain a 44% equity interest in the environmental services business The transaction is expected to close in the first ...
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GFL selling environmental services division to Apollo, BC Partners for $5.6B
GFL Environmental has reached an agreement with affiliates of asset management fund Apollo and investment firm BC Partners to sell its environmental services division for $8 billion ...