Pesakastew Solar Project

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $16.1 million, long-term, fixed rate debt financing in respect of the construction and operation of the 10 MW ground-mount solar project located in the rural Municipality of Weyburn, Saskatchewan (the “Project”).

The Project is a partnership comprising George Gordon First Nation, Star Blanket Cree Nation & Natural Forces. The Project will generate clean, renewable energy that is sold to Saskatchewan Power Corporation under a 20-year power purchase agreement.

Stonebridge acted as Financial Arranger to the Pesakastew Solar Project and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II Limited Partnership and fully discretionary investment accounts managed by Stonebridge.

Stonebridge is an exempt market dealer and asset manager, which through its various business groups and affiliates provides financial advisory services, asset management, long-term debt financing, agency services and lease financing. The company focuses on financial advisory and arranging of project financings in the infrastructure and energy sectors, having dedicated teams for each. Stonebridge has arranged and closed a total of $7.1 billion in financing, with $3.4 billion under administration for institutional investors. Stonebridge Infrastructure Debt Fund I and II Limited Partnerships and related separately managed accounts (the “Funds”) act as direct lenders and co-investors to infrastructure and energy projects across Canada. To date, the Funds have raised over $1 billion in committed capital.

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Halifax Regional Municipality Organics Management Infrastructure and Long-Term Operating Contract DBOOT PPP

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $106 million, long-term, fixed rate project financing (the “Financing”) in respect of the Organics Management Infrastructure and Long-Term Operating Contract design-build-own-operate-transfer PPP project located in Halifax, Nova Scotia (the “Project”). The term of the Financing is inclusive of the entire construction period and the majority of the 25-year operating period of the Project.

The Project was procured by Halifax Regional Municipality (“HRM”) via a competitive procurement process beginning with a Request for Qualifications issued in November 2017 and followed by a Request for Proposals issued in July 2019 pursuant to which Harbour City Renewables (the “Consortium”) was selected as Preferred Proponent in December 2020. The Consortium was jointly led by Maple Reinders PPP Ltd. and AIM Capital Ltd.

The Project shall process up to 60,000 tonnes of organic waste as collected from HRM residential and commercial collection programs. The Project will utilize proven in-vessel aerobic technology, with industry leading pre- and post-treatment systems that are fully housed indoors and incorporates advanced odour mitigation, capture and treatment measures for facilities of this kind. Known as aerobic digestion or composting, the advanced treatment at this facility will result in the conversion of organic waste to Class A Compost as defined by CCME and Nova Scotia Environment guidelines.

Stonebridge acted as Financial Advisor and Arranger to the Consortium and financing for the Project was provided by The Canada Life Assurance Company, The Canada Life Insurance Company of Canada, and Stonebridge Infrastructure Debt Fund II Limited Partnership. Stonebridge shall also act as Administrative Agent and Collateral Agent for the entire term of the Financing.

Stonebridge is an exempt market dealer and asset manager, which through its various business groups and affiliates provides financial advisory services, asset management, long-term debt financing, agency services and lease financing. The company focuses on financial advisory and arranging of project financings in the infrastructure and energy sectors, having dedicated teams for each. Stonebridge has arranged and closed a total of $7.1 billion in financing, with $3.4 billion under administration for institutional investors. Stonebridge Infrastructure Debt Fund I and II Limited Partnerships and related separately managed accounts (the “Funds”) act as direct lenders and co-investors to infrastructure and energy projects across Canada. To date, the Funds have raised over $1 billion in committed capital.

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Prince Edward Island Seniors Homes

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $37.5 million, 20-year fixed rate debt financing in respect of the Prince Edward Island Seniors Homes portfolio of facilities, which is comprised of 277 beds between two publicly funded Nursing Home / Community Care Facilities (Garden Home and Whisperwood Villa) located in Charlottetown, Prince Edward Island (the “Project”).

Stonebridge acted as Financial Advisor and Arranger to Prince Edward Island Seniors Homes and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P. Stonebridge shall also act as Administrative Agent for the entire term of the financing.

Stonebridge is an exempt market dealer and asset manager, which through its various business groups and affiliates provides financial advisory services, asset management, long-term debt financing, agency services and lease financing. The company focuses on financial advisory and arranging of project financings in the infrastructure and energy sectors, having dedicated teams for each. Stonebridge has arranged and closed a total of $7.1 billion in financing, with $3.4 billion under administration for institutional investors. Stonebridge Infrastructure Debt Fund I and II Limited Partnerships and related separately managed accounts (the “Funds”) act as direct lenders and co-investors to infrastructure and energy projects across Canada. To date, the Funds have raised over $1 billion in committed capital.

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Haven Hill Retirement Centre

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $19.1 million, 20-year fixed rate debt financing in respect of Haven Hill Retirement Centre, a publicly funded 152-bed residential care facility located in Penticton, British Columbia (the “Project”) owned by Buron Healthcare Ltd.

Stonebridge acted as Financial Advisor and Arranger to Buron Healthcare Ltd. and financing for the Project was provided by The Canada Life Assurance Company. Stonebridge shall also act as Administrative Agent for the entire term of the financing.

Stonebridge is an exempt market dealer and asset manager, which through its various business groups and affiliates provides financial advisory services, asset management, long-term debt financing, agency services and lease financing. The company focuses on financial advisory and arranging of project financings in the infrastructure and energy sectors, having dedicated teams for each. Stonebridge has arranged and closed a total of $7.1 billion in financing, with $3.4 billion under administration for institutional investors. Stonebridge Infrastructure Debt Fund I and II Limited Partnerships and related separately managed accounts (the “Funds”) act as direct lenders and co-investors to infrastructure and energy projects across Canada. To date, the Funds have raised over $1 billion in committed capital.

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Stonebridge is proud to announce that Denis Bourassa, Co-Executive Chairman & CO-CEO has been re-appointed as a director to the Board of The Canadian Council for Public-Private Partnerships (“CCPPP”) for the year 2020 – 2021.

Stonebridge is proud to announce that Denis Bourassa, Co-Executive Chairman & CO-CEO has been re-appointed as a director to the Board of The Canadian Council for Public-Private Partnerships (“CCPPP”) for the year 2020-2021. CCPPP is a national not-for-profit non-partisan, member-based organization with broad representation from across the public and private sectors. Its mission is to promote innovative approaches to infrastructure development and service delivery through public-private partnerships with all levels of government. The Council is a proponent of evidence-based public policy in support of P3s, facilitates the adoption of international best practices, and educates stakeholders and the community on the economic and social benefits of public-private partnerships. The Council organizes an annual conference that is recognized internationally as the premier forum bringing together senior government and business leaders in the P3 community at which the most successful Canadian public-private partnerships are celebrated through CCPPP’s National Awards for Innovation and Excellence. The Council is governed by a Board of Directors and operated by several staff.

CCPPP Annual Conference

Stonebridge is proud to provide our continued support of the CCPPP Annual conference as a 2020 Awards Silver sponsor. Please join our colleagues Jim Cahill & Omer Malik digitally on November 18th.

Potentia Renewables 17 Limited Partnership

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $35.0 million, long-term, fixed rate debt financing in respect of the acquisition by Potentia Renewables 17 Limited Partnership (“PR17”) of a 67 MW portfolio of operating wind and solar assets in Nova Scotia and Ontario (the “Portfolio”).

The energy generated by the wind projects is sold to Nova Scotia Power Inc. and the energy generated by the solar projects is sold to the Independent Electricity System Operator, under various long-term PPAs.

Stonebridge acted as Financial Arranger to PR17 and financing for acquisition of the Portfolio was provided by Stonebridge managed investment accounts, including Stonebridge Infrastructure Debt Fund II Limited Partnership, as well as another Canadian asset management company.

Stonebridge Financial Corporation is a specialized financial services company offering asset management, portfolio administration, financial advisory services, and private debt financing, including structuring, arranging and syndicating private debt transactions to the Canadian institutional marketplace. Since inception Stonebridge has arranged and syndicated over $4.1 billion in project debt financing.  In addition, Stonebridge Financial Corporation manages over $900M in assets on behalf of  Stonebridge Infrastructure Debt Fund II L.P, which is an open-ended fund focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace and several separately managed accounts (SMAs) for institutional investors.

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Sukunka & Zonnebeke Wind Projects

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Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $72.0 million, long-term, fixed rate debt financing in respect of the construction and operation of the 15 MW Sukunka Wind Project, and the 15 MW Zonnebeke Wind Project.  Both projects are located in Peace River Regional District of Northeastern British Columbia.

The Sukunka Wind Project is a partnership between Saulteau First Nation & Natural Forces. The Zonnebeke Wind Project is a partnership between West Moberly First Nation & Natural Forces. Each of the projects will generate clean, renewable energy that is sold to BC Hydro & Power Authority under separate 40 year energy purchase agreements.

Stonebridge acted as Financial Arranger to the Sukunka Wind Project and the Zonnebeke Wind Project and financing for both Projects was provided by iA Financial Group and Stonebridge managed investment accounts, including Stonebridge Infrastructure Debt Fund II Limited Partnership.

Stonebridge Financial Corporation is a specialized financial services company offering asset management, portfolio administration, financial advisory services, and private debt financing, including structuring, arranging and syndicating private debt transactions to the Canadian institutional marketplace. Since inception Stonebridge has arranged and syndicated over $4.1 billion in project debt financing.  In addition, Stonebridge Financial Corporation manages over $900M in assets on behalf of  Stonebridge Infrastructure Debt Fund II L.P, which is an open-ended fund focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace and several separately managed accounts (SMAs) for institutional investors.

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SUKUNKA

ZONNEBEKE

Fraudulent Email Notice

Stonebridge Financial Corporation have been contacted by several individuals and businesses advising us of having receiving an email reportedly from a representative of Stonebridge Financial Corporation requesting payment of an overdue invoice. Please be advised Stonebridge Financial Corporation deals exclusively with Institutional clients and does not contact clients in this manner. Any emails not originating from an email address ending in @stonebridge.ca should be considered fraudulent and reported to the proper authority. Stonebridge has notified the Spam Reporting Centre of the Government of Canada to assist in preventing any further use of our corporate name in this activity.  Any inquiries as to the authenticity of any email reportedly from Stonebridge should be directed to info@stonebridge.ca or by completing the inquiry form located at https://stonebridge.ca/contact-us/

Akaash Khadun has joined the Stonebridge team as a Credit Analyst

Stonebridge is pleased to announce that Akaash Khadun has joined the portfolio administration team as a Credit Analyst. Akaash will administer a portfolio of energy and social infrastructure projects, including credit analysis and covenant testing, project construction funding, and loan security monitoring.

Prior to joining Stonebridge Akaash held the position of Bilingual Senior Credit Officer at CIBC where he was responsible for the administration of commercial mortgages. Akaash also brings international experience gained through several progressive credit positions held in Mauritius.

Akaash holds a CPA, ACCA, and a Master’s in Finance from the University of Mauritius.

In joining Stonebridge Akaash will complement an existing team of financial professionals and will be a valuable resource in our continued effort to provide high quality and trusted portfolio administrative services.