Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the achievement of financial close by Bird Capital Limited Partnership of a $77.0 million debt financing for the construction of the Moncton Downtown Centre Facility project, a 9,000 seat multi-purpose sports and entertainment facility to be built in downtown Moncton, New Brunswick (the “Project”).
The two-phase project includes the design, construction and financing of the facility (phase 1), followed by operation and maintenance of the facility over a 30 year period (phase 2). Stonebridge acted as Financial Advisor to the Consortium, which was led by Bird Capital Limited Partnership and included Bird Construction Inc. and SMG. Construction financing for the Project was provided by TD Bank Financial Group and BMO Bank of Montreal.
Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in financial advisory and arranging and structuring debt financings for syndication in the Canadian institutional marketplace, with a focus in the energy, infrastructure, and health care sectors. Stonebridge has arranged and syndicated over $3.3 billion of project debt financing.