Gfl environmental announces acquisition of wca waste corp

Gfl environmental announces acquisition of wca waste corporation and further expansion of u.s. footprint.deal for aggregate purchase price of us$1.212 billion.purchase price for acquisition will be financed in part with net proceeds of a private placement of us$600 million of equity.balance of purchase price will be financed through a combination of cash on hand and capacity under credit facility.deal expected to be accretive to free cash flow.will also explore longer-term debt financing of us$500 million to us$750 million.investors have agreed to subscribe for aggregate of 28.6 million preferred shares at us$21.00 per share.2020 revenue is estimated to be between $4,040 million to $4,080 million.2020 net loss is estimated to be between $459 million and $444 million.outlook excludes additional acquisitions that may close during year, including wca transaction.fy2020 revenue view c$4.18 billion -- refinitiv ibes data.
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