04:49 PM EDT, 03/25/2025 (MT Newswires) -- GFL Environmental ( GFL ) after trade on Tuesday said certain shareholders plan to sell about 15.74-million subordinate voting shares in a secondary offering.

The shareholders are Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman), Poole Private Capital, and HPS Investment Partners. GFL will not receive any proceeds from the offering, the company said.

RBC Capital Markets and RBC Dominion Securities will act as underwriters in the US and Canada, respectively. The shares will be offered in all Canadian provinces and territories through a prospectus supplement to GFL's base shelf prospectus. A registration statement has been filed with the Securities and Exchange Commission, and the prospectus supplement will be available around Thursday, the company added.

GFL shares closed up $0.53 to $69.40 on the Toronto Stock Exchange.