Aug 12 (Reuters) - GFL Environmental Inc GFL.TO :
* 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