SPY415.87+4.42 1.07%
DIA340.44+2.91 0.86%
IXIC14,038.76+180.92 1.31%

BRIEF-GFL Environmental Announces Proposed Acquisition Of Terrapure Environmental

· 03/15/2021 17:11
BRIEF-GFL Environmental Announces Proposed Acquisition Of Terrapure Environmental

- GFL Environmental Inc GFL.TO:

  • GFL ENVIRONMENTAL ANNOUNCES PROPOSED ACQUISITION OF TERRAPURE ENVIRONMENTAL

  • GFL ENVIRONMENTAL INC - DEAL FOR AN AGGREGATE PURCHASE PRICE OF C$927.5 MILLION

  • GFL ENVIRONMENTAL INC - EXPECTS ACQUISITION TO GENERATE AT LEAST C$45 MILLION OF ADJUSTED FREE CASH FLOW AND AT LEAST C$12.5 MILLION IN ANNUAL COST SYNERGIES

  • GFL ENVIRONMENTAL INC - NOT UPDATING ITS PREVIOUSLY REPORTED FULL YEAR 2021 GUIDANCE.

  • GFL ENVIRONMENTAL INC - LAUNCH OFF POINT FOR 2022 COULD BE ADJUSTED FREE CASH FLOW OF BETWEEN C$575 MILLION AND C$625 MILLION

  • GFL ENVIRONMENTAL - SEES FUNDING ACQUISITION USING COMBINATION OF CAPACITY UNDER REVOLVING CREDIT FACILITY, CASH ON HAND & INCREMENTAL FINANCING

Source text for Eikon: ID:nCNWfj5fDa

Further company coverage: GFL.TO


((Reuters.Briefs@thomsonreuters.com;))