GFL Environmental Inc. Announces Upsizing and Pricing of Secondary Offering by Selling Shareholders

VAUGHAN, ON, May 18, 2023 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, OTPP Environmental Services Trust, GFL Borrower II (Cayman) LP and Poole Private Capital, LLC (collectively, the "Selling Shareholders") of 18,176,073 subordinate voting shares (the "Shares"), which represents an increase of 4,091,566 Shares from the previously announced offering size, at the public offering price of US$36.20 per Share. GFL will not receive any proceeds from the Offering. Goldman Sachs & Co. LLC and Goldman Sachs Canada Inc. will act as underwriters for the Offering in the United States and Canada, respectively.

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