# GFL Environmental Shares Fall 2.42%; Funds Managed by HPS Sell 6.2M Shares

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55827
Published: 2026-11-12T19:41:52.000Z
Updated: 2026-11-12T19:41:52.000Z
Section: Business

> The funds sold 6,219,896 newly issued subordinate voting shares at $42.73 each after conversion of 4,867,006 Series A preferred shares.

GFL Environmental shares closed at $42.33 on Nov. 12, down 2.42% from the previous session’s $43.38 close. The company’s shares trade on the New York Stock Exchange under the ticker GFL.

GFL announced Nov. 12 that funds managed by HPS Investment Partners, LLC sold 6,219,896 newly issued subordinate voting shares in a block trade at $42.73 per share. The shares were issued through the conversion of 4,867,006 Series A preferred shares.