Thu Sep 12 00:51:00 UTC 2024: ## GFL Environmental Inc. Converts Preferred Shares, Issues 16 Million Subordinate Voting Shares
**Vaughan, ON – September 12, 2024** – GFL Environmental Inc., a leading North American environmental services company, announced today that it has issued 16 million subordinate voting shares following the conversion of 14,565,543 Series A Preferred Shares by HPS Investment Partners, LLC.
The conversion was initiated by HPS on behalf of the holders of the Series A Preferred Shares. The newly issued shares were subsequently sold by funds managed by HPS in a block trade at a price of US$39.60 per share.
GFL, headquartered in Vaughan, Ontario, operates across Canada and more than half of the U.S. states, providing a range of services including solid waste management, liquid waste management, and soil remediation. The company employs over 20,000 people.
This conversion represents a significant development for GFL, potentially impacting the company’s capital structure and ownership. The move signifies confidence in GFL’s future prospects by investors.
This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may differ materially from those anticipated. Investors should consult GFL’s filings with the U.S. Securities and Exchange Commission and securities commissions in Canada for further information.
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