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Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $54.4 million, 20-year fixed-rate debt financing, dedicated to the construction and operation of Creekstone Care Centre, a new 180-bed residential care facility, located in North Vancouver, British Columbia. The Facility is being developed by Trellis Seniors Services Ltd.
Construction of the facility began in November 2018, on the land acquired from the proceeds of the pre-construction financing provided by Stonebridge in 2016. The facility is scheduled for occupancy in March 2020.
Stonebridge acted as Financial Advisor and Arranger to Trellis Seniors Services Ltd. and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P. and Industrial Alliance Insurance and Financial Services Inc.
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.
Stonebridge is pleased to announce the increased capital commitment of an existing SIDF II investor of $50 M, increasing their commitment in the Fund to the lesser of 19.5% or $125 M. With $435 M in capital commitments, SIDF II continues to accept new capital commitments.
Stonebridge is proud to announce that Denis Bourassa, Partner & CO-CEO has been re-appointed as a director to the Board of The Canadian Council for Public-Private Partnerships (“CCPPP”). 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
Join Jim Cahill and Omer Malik at the 2018 OLTCA This is Long Term Care Conference as they participate in the Capital Renewal Fast Chat event being held November 14th at 10AM at the Westin Harbour Castle in Toronto.
Stonebridge is proud to be sponsoring the opening night reception at the 2018 Ontario Long Term Care Association (OLTCA) Conference taking place November 14th and 15th in Toronto. Join Jim Cahill and Omer Malik at Amsterdam Brewery next Wednesday evening for the kick off of the 2018 This is Long Term Care Conference.
Stonebridge Infrastructure Debt Fund (SIDF II) is excited to accept two new capital commitments totalling $36 M, bringing total capital commitments now to $ 425 M. SIDF II continues to accept capital investments from both existing and new investors.
Stonebridge is proud to announce that Omer Malik will be presenting the Silver Award at the CCPPP conference on November 5th-6th.
Jim Cahill will be participating in the speed networking session at the CCPPP Annual Conference in Toronto, Ontario on Nov. 5th – 6th. Please join Jim for a quick one on one at the networking session or connect with him at the conference.
Stonebridge is proud to provide our continued support of the CCPPP Annual conference as a 2018 Awards Silver sponsor. Please join our Denis Bourassa & Omer Malik at the Sheraton Center in Toronto on November 5 and 6.