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GFL Environmental announces secondary offering by holders, shares flat

ReutersNov 20, 2025 10:05 PM

U.S.-listed shares of Canada's GFL Environmental GFL.N flat in extended trading after secondary offering news

Waste management firm says BC Partners, Ontario Teachers' Pension Plan and HPS Investment Partners to offload ~16.6 mln shares

RBC Capital Markets and Canadian division RBC Dominion are the underwriters

GFL has ~359.1 mln shares outstanding, per LSEG data

U.S.-listed GFL shares on Thurs closed down 0.7% at $46.20, trimming YTD gain to nearly 4%

15 of 18 analysts rate GFL "strong buy" or "buy", rest rate "hold"; median PT of $56.50 - LSEG

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