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.