Gfl environmental inc. announces settlement of tangible equity units

Vaughan, on , march 16, 2023 /prnewswire/ - gfl environmental inc. (nyse: gfl) (tsx: gfl) ("gfl") today announced that it has satisfied its remaining obligations under its 6.00% tangible equity units ("teus") previously issued on march 5, 2020, in connection with its initial public offering. effective march 15, 2023, the purchase contracts of each outstanding teu automatically converted into subordinate voting shares at the minimum settlement rate of 2.1940 plus cash in lieu of fractional shares.
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