GFL Environmental Inc. Announces Direct Share Buyback of 17,050,298 Subordinate Voting Shares from BC Partners and Intention to Repurchase up to 7,056,027 Subordinate Voting Shares in Secondary Offering

VAUGHAN, ON, March 25, 2025 /CNW/ - GFL Environmental Inc. (NYSE:GFL) (TSX:GFL.TO) ("GFL" or the "Company") announced today that it has purchased for cancellation 17,050,298 subordinate voting shares (the "Purchased Shares") directly from funds managed by BC Partners (the "Selling Shareholder") at a net price of US$46.92 per share, representing a discount of approximately 3.5% to the closing price of the Company's subordinate voting shares on the New York Stock Exchange on March 25, 2025 (the "Share Repurchase Transaction"). The Share Repurchase Transaction was completed pursuant to a definitive share purchase agreement entered into between the Company and the Selling Shareholder. Pursuant to the terms of the agreement, the Selling Shareholder has agreed to a customary lock-up in respect of its remaining subordinate voting shares, for a six-month period.