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GFL Environmental Down 0.9% In US Premarket As Issues 16 million Subordinate Voting Shares on Conversion of Series A Preferred Shares
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GFL Environmental Down 0.9% In US Premarket As Issues 16 million Subordinate Voting Shares on Conversion of Series A Preferred Shares
Sep 12, 2024 6:33 AM

09:06 AM EDT, 09/12/2024 (MT Newswires) -- GFL Environmental Inc. ( GFL ) was at last look down 0.9% in US premarket as it announced Thursday that HPS Investment Partners, LLC, on behalf of the holders of the company's Series A perpetual convertible preferred shares, has provided notice of conversion of 14,565,543 Series A Preferred Shares for 16 million subordinate voting shares. It noted the subordinate voting shares issued on conversion of the Series A Preferred Shares were sold by funds managed by HPS in a block trade, at a price of US$39.60 per share.

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