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Bruce Power Office Complex and Training Facility

Stonebridge Financial Corporation and Stonebridge Infrastructure Debt Fund II L.P. are pleased to announce their participation in the commercial and financial close on the new Bruce Power Office Complex and Training Facility (“The Project”) in Kincardine, Ontario. The Project consists of an approximately 129,000 square-foot facility consisting of dedicated program space to support the Life-Extension Program at the Bruce Power Nuclear Generating Station.

The consortium lead is Concert Infrastructure Ltd. (“Concert”). The project will be delivered by Concert as a modified design, build, finance and maintain model over a 25.7 year term excluding early works. Concert’s integrated consortium includes the following companies:

  • Concert Infrastructure Fund
  • Bird Construction Industrial Services Ltd.
  • Stantec Consulting Inc.
  • Concert Realty Services Ltd,; and

Prior to commercial and financial close Stonebridge Financial Corporation was mandated as Financial Arranger for the Project. During the construction and operating phase Stonebridge Financial Corporation is mandated as Lender Agent and Collateral Trustee. Stonebridge Infrastructure Debt Fund II L.P. is lead Lender.

“The project demonstrates that the public-private-partnership delivery model can be scaled to smaller projects, while delivering value to the ultimate project sponsors,” said Derron Bain, Concert Infrastructure’s Senior Vice-President. “The model and approach developed for Bruce Power’s unique requirements can be translated to Crown corporations, government agencies and municipalities to deliver on their public infrastructure needs.”

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in financial advisory, 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 $3.7 billion of project debt financing since its inception. Stonebridge Infrastructure Debt Fund II L.P., an open-ended fund, is managed by Stonebridge Financial Corporation and is focused on investing in long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.

Stonebridge Infrastructure Debt Fund II LP (the “Fund”) and Stonebridge Financial Corporation (the “Manager”) are very pleased to announce two new commitments to the Fund.

Stonebridge Infrastructure Debt Fund II LP (the “Fund”) and Stonebridge Financial Corporation (the “Manager”) are very pleased to announce a new $100 M capital commitment from a new LP investor.  As well, an additional capital commitment of $17.5 M from an existing investor brings their total commitment in the Fund to $75 M.  The Fund’s total committed capital is now $412.3 M.  Assets under Management by the Manager total $ 661 M.

The Fund is an open-ended Ontario Limited Partnership with capital commitments provided by a number of Canadian institutional investors including pension funds, insurance companies and the Business Development Bank of Canada.

The Manager provides its institutional clients with access to the investment grade Canadian Private Debt market while emphasizing capital preservation.  The Manager originates senior debt investments in Real Assets that deliver long-term predictable cash flows derived from government contracts and premium returns over comparable government bond yields.

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in arranging and structuring debt financings for syndication in the Canadian institutional marketplace, with a focus in the renewable energy, infrastructure, and health care sectors. Stonebridge has arranged and syndicated over $6 billion of private debt.

All figures as at September 30, 2017

For further information:

Yvon J. Jeghers, CPA, CA, Vice President and Managing Director, Stonebridge Infrastructure Debt Fund, 20 Adelaide Street East, Suite 1201, Toronto ON M5C2T6, Work: (416) 364-3001 ext. 242, Email: yjeghers@stonebridge.ca, Web: www.stonebridge.ca

Potentia Solar 14 LP

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $19.9 million, 18-year fixed rate debt financing for a portfolio of various completed and operating solar projects across Ontario. The portfolio has a total capacity of 5.3 MW, comprised of 2 ground-mount and 3 rooftop solar projects. The energy generated by the projects is sold to the Independent Electric System Operator under Ontario Feed-In Tariff Contracts.

Stonebridge acted as Financial Arranger to Potentia Solar 14 LP, and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P and a Canadian insurance company.

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 $3.5 billion of project debt financing since its inception.  Stonebridge Infrastructure Debt Fund II L.P. is an open-ended fund, Managed by Stonebridge Financial Corporation, focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.

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Creekstone Care Centre L.P. and Hamilton Village Care Centre L.P.

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of $14.2 million, in 20-year fixed rate debt financing for pre-construction costs related to Trellis Senior Services Ltd.’s (“Trellis”) development of two new residential care facilities in the Vancouver, B.C. mainland.  The pre-construction financing is the first of two financing phases and represents approximately 15% of the $92.1 million in total debt financing for the two projects, which were awarded to Trellis by Vancouver Coastal Health Authority (“VCH”) as part of a public request for proposals issued in late 2015.

The facilities: Creekstone Care Centre L.P., a 180-bed facility located in North Vancouver, B.C., and Hamilton Village Care Centre L.P., a 135-bed facility located in Richmond, B.C. (collectively, the “Projects”) will be privately owned/operated residential care facilities funded under a long-term Services Agreement with VCH.  Construction of the facilities is expected to commence in the summer of 2017.

Stonebridge acted as Financial Advisor and Arranger to Trellis, and phase 1 financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P.

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 $3.5 billion of project debt financing since its inception.  Stonebridge Infrastructure Debt Fund II L.P. is an open-ended fund, managed by Stonebridge Financial Corporation, focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.

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CHSLD AGE3

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $31 million, 25-year fixed rate debt financing for the refinancing of Group Age3 Inc.’s long-term care facilities.  With over 60 years of operating history, Groupe Age 3 Inc. has become a leading provider of healthcare services in the Province of Quebec. Today Groupe Age3 Inc. conducts operations in three primary business segments: (i) non-emergency medical transportation, (ii) healthcare employment placement, and (iii) long-term care.

The facilities: CHSLD St. Jude, a 204-bed facility located in Laval, Québec, and CHSLD Saint-Vincent-Marie, a 66-bed facility located in Montréal, Québec (collectively, the “Project”) are privately owned/operated, and publicly contracted long-term care facilities procured under a privé-conventionné structure with the Province of Québec.

Stonebridge acted as Financial Advisor and Arranger to Groupe Age3 Inc., and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P.

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 $3.5 billion of project debt financing since its inception.  Stonebridge Infrastructure Debt Fund II L.P. is an open-ended fund, Managed by Stonebridge Financial Corporation, focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.

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Chebucto Terence Bay Wind Limited Partnership

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $16.8 million, long-term, fixed rate debt financing for the construction and operation of a 7.05 MW wind generation project located in Halifax, Nova Scotia. Energy generated by the project will be sold to Nova Scotia Power Inc. under the Nova Scotia Community Feed-In Tariff (“COMFIT”) program.

The Project is owned by Renewable Energy Services Ltd. (“RESL”) and Chebucto Terence Bay Wind Field Limited, a Nova Scotia Community Economic Development Corporation (“CEDC”).

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in 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 $3.0 billion of project debt financing.

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CONMED Health Care Group

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $120,000,000 dual-tranche, long-term debt financing for CONMED Health Care Group (“CONMED”).  The credit facilities will be used to fund the refinancing of CONMED’s existing portfolio of retirement and long-term care residences, as well as the construction of a new 288 bed class-A long-term care facility in Niagara Falls, Ontario – part of the Province’s Enhanced Long-Term Care Home Renewal Strategy.

Stonebridge acted as Financial Advisor and Arranger to CONMED, and will act as Administrative Agent to the Lenders for the term of the financing. The funding was provided by Sun Life Assurance Company of Canada and its related funds and the Stonebridge Infrastructure Debt Fund II L.P.

Established in 1986, CONMED Health Care Group is a highly regarded and experienced owner, operator and developer of quality seniors living facilities, located predominantly in the Niagara region of Ontario. The CONMED portfolio currently contains seven long-term care facilities and one retirement home, totaling 830 beds.

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in 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 $3.0 billion of project debt financing.

Stonebridge Infrastructure Debt Fund II L.P. (“SIDF II”) is an open-ended fund with capital commitments provided by a number of Canadian institutional investors including pension funds, insurance companies and the Business Development Bank of Canada.  SIDF II provides its institutional investors with access to investment grade Canadian Private Debt Market assets, with long-term, predictable cash flows and premium returns over comparable government bond yields.

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Mi’kmaq – Wind4all Communities Limited Partnership

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $21.0 million, long-term, fixed rate debt financing in respect of the construction and operation of two wind generation projects aggregating 7.6 MW of nameplate capacity, located in Amherst and Pictou County, Nova Scotia.

The energy generated will be sold to Nova Scotia Power Inc. under the Nova Scotia Community Feed-In Tariff (“COMFIT”) program.

The Projects are owned indirectly by Natural Forces Wind Inc., Wind4All Communities III Inc., and the Mi’kmaq First Nations.

The initial tranche of the debt financing was funded by Stonebridge Infrastructure Debt Fund II LP.

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in 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 $3.0 billion of project debt financing.

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MOM Solar Limited Partnership

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $45.0 million, dual-tranche debt financing for a portfolio of rooftop solar projects located throughout Ontario. The portfolio has a total capacity of 7.8 MW-AC comprised of installations on 24 retail building rooftops, each of which achieved commercial operation in 2012. The energy generated by the projects is sold to the Independent Electric System Operator under Ontario Feed-In Tariff Contracts.

Stonebridge acted as co-lead arranger with a Canadian bank, which provided a $20 million short term tranche. The $25.0 million long-term, fixed rate tranche was funded by Stonebridge Infrastructure Debt Fund II and a Canadian insurance company.

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in 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 $3.0 billion of project debt financing.

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Penticton Regional Hospital Patient Care Tower

Stonebridge Financial Corporation (“Stonebridge”) is pleased to have been appointed as lender agent, to provide construction monitoring services for the development of the Penticton Regional Hospital Patient Care Tower (the “PRH Project”) in Penticton, British Columbia.

The new Patient Care Tower will be a six storey, 26,170 square metre (281,700 sq. ft.) health-care facility. This project will improve access to services and improve patient care through the consolidation of programs currently distributed throughout the hospital. The PRH Project will contain a new ambulatory care centre, surgical services centre, 84 medical/surgical inpatient beds in single patient rooms, a new medical device reprocessing unit, and space for the UBC Faculty of Medicine program.

“Stonebridge is very pleased to offer our experience and expertise in construction monitoring to the institutional lenders on the Penticton Regional Hospital project and to provide them ongoing administrative support and counselling during the construction process. Construction monitoring is just one of a host of administrative services Stonebridge offers our clients to, efficiently and effectively manage their financial relationships.” stated Darrell Salter, Senior Vice President and Chief Operating Officer of Stonebridge Financial Corporation.

About Stonebridge:

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in 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 $3.351 billion of project debt financing.

1 All figures as of March 31, 2016.