GFL Environmental (NYSE:GFL) has announced an amendment to its $725 million senior secured term loan, reducing its borrowing rate from SOFR +250 basis points to SOFR +200 basis points.

Patrick Dovigi, the Founder and CEO of GFL, remarked on the repricing, stating, "Our ability to reprice our senior secured term loan on one of the tightest pricing terms since 2008 for a company with our credit quality is a continued testament to our high-quality, long-standing debt investors." 

In addition to the loan repricing, GFL Environmental also declared a quarterly dividend of US$0.014 per share for the second quarter of 2024.

This dividend will be payable on July 31, 2024, to shareholders who are registered as of July 15, 2024.