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6-K 1 tm249853d5_6k.htm FORM 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2024

 

Commission File Number:  001-39240

 

GFL Environmental Inc.

(Translation of registrant’s name into English)

 

100 New Park Place, Suite 500

Vaughan, Ontario, Canada L4K 0H9

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

  ¨     Form 20-F x     Form 40-F  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 


 

EXHIBIT INDEX

 

The following Exhibit 99.1 is furnished as part of this Current Report on Form 6-K.

 

Exhibit 
Number
  Description
     
99.1   Press Release, dated April 2, 2024.

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  GFL Environmental Inc.
     
Date: April 2, 2024 By: /s/ Mindy Gilbert
    Name:  Mindy Gilbert
    Title:    Executive Vice President and Chief Legal Officer

 

 

 

EX-99.1 2 tm249853d5_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

GFL Environmental Inc. Announces Credit Rating Upgrade from S&P Global Ratings

 

VAUGHAN, ON, April 2, 2024 – GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (“GFL” or the “Company”), a leading North American diversified environmental services company, today announced that S&P Global Ratings (“S&P”) has upgraded GFL’s issuer credit rating to ‘BB-’ from ‘B+’, while maintaining a positive outlook.

 

“The rating upgrade from S&P is a testament to the strong execution of our strategy to increase free cash flow and de-lever the business”, said Patrick Dovigi, Chief Executive Officer and Founder of GFL. “We remain committed to making disciplined capital allocation decisions while continuing to focus on de-levering the business, with the expectation that we will achieve an investment grade credit rating before the majority of our fixed rate debt matures.”

 

About 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, liquid waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the U.S. states. Across its organization, GFL has a workforce of more than 20,000 employees.

 

Forward-Looking Statements

 

This press release includes certain “forward-looking statements” within the meaning of applicable securities laws, including statements relating to our achieving of investment grade credit rating. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by GFL as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the factors described in the “Risk Factors” section of GFL’s annual information form for the 2023 fiscal year filed on Form 40-F and GFL’s other periodic filings with the U.S. Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada. These factors are not intended to represent a complete list of the factors that could affect GFL. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

 

For more information:

Patrick Dovigi

+1 905-326-0101

pdovigi@gflenv.com