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GFL Environmental Inc. announced the Seventh Amendment to its Seventh Amended and Restated Credit Agreement, increasing Facility A commitments to C$2,000,000,000, extending Facility A and C maturity dates to April 29, 2030, reducing applicable margins, adding an accordion option up to C$1,000,000,000, and canceling Facility D commitments. Canadian Imperial Bank of Commerce was appointed as administrative agent, replacing Bank of Montreal which remains collateral agent.
Key Takeaways
1Seventh Amendment dated April 29, 2025 to credit agreement originally dated September 27, 2021
2Facility A commitments increased to C$2,000,000,000 allowing draws by both Canadian and US Borrowers
3Facility A and C maturity dates extended from September 27, 2026 to April 29, 2030
4Applicable margins reduced in pricing grid
5Accordion option added for up to C$1,000,000,000 increase in Facility A commitments
6Facility D commitments canceled
7Canadian Imperial Bank of Commerce appointed administrative agent; Bank of Montreal remains collateral agent