GFL Environmental accelerates deadline; WhiteWater, ECL Entertainment release price talk

By Sara Rosenberg

New York, Jan. 18 – In the primary market on Wednesday, GFL Environmental Inc. moved up the commitment deadline for its recently launched amended and extended term loan transaction.

GFL accelerated the commitment deadline for its roughly $1.287 billion senior secured first-lien term loan due May 31, 2027 to 5 p.m. ET on Thursday from 5 p.m. ET on Monday, a market source said.

The term loan, which launched with a call on Tuesday afternoon, is talked at SOFR+10 basis points CSA plus 300 bps to 325 bps with a 0.5% floor, an original issue discount of 98.5 to 99.5 and 101 soft call protection for six months.

Additionally, WhiteWater Whistler Holdings LLC came out with pricing guidance on its term loan B in connection with its lender call, and ECL Entertainment LLC launched an incremental first-lien term loan B, which is expected to wrap up quickly as commitments are due on Thursday afternoon.

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