Tervita Corporation announced the results of the previously announced cash tender offer for any and all of its outstanding 7.625% Senior Secured Notes due 2021 upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 9, 2020 and related Notice of Guaranteed Delivery. The Offer expired at 11:59 p.m., Toronto and New York City time, on November 18, 2020. The Company has been advised that US$497,908,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn as of the Expiration Time. The Company announced that the conditions to the Offer, as set forth in the Offering Documents, have been satisfied. The Company has accepted for payment all Notes validly tendered and not validly withdrawn prior to the Expiration Time. In accordance with the terms of the Offer Documents, the Company has paid or will pay all holders whose Notes are purchased in the Offer the Tender Offer Consideration as set forth in the table above and in the Offer Documents on November 19, 2020 (the "Payment Date"). In addition, holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Payment Date. Notes purchased pursuant to the Offer will be cancelled. Concurrent with the commencement of the Offer and pursuant to the indenture governing the Notes, the Company issued a conditional notice to redeem any Notes not purchased by the Company in the Offer on December 9, 2020 (the "Redemption Date") at a redemption price of 100.000% of the principal amount redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. The Company announced that the conditions to the redemption, as set forth in the notice of redemption, have been satisfied. Nothing contained in this release constitutes a notice of redemption of Existing Notes.