08:55 AM EDT, 06/06/2024 (MT Newswires) -- GFL Environmental ( GFL ) said Thursday it intends to launch a private offering of $500 million senior notes due 2032.

The company said it is "opportunistically pursuing" the offering and plans to shift debt to unsecured, extend maturities, and maintain a balanced capital structure.

Net proceeds will be used to redeem existing 2025 secured notes and cover related fees, GFL added.

Price: 38.40, Change: +0.36, Percent Change: +0.95