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”). 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.
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Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $68.2 million fixed-rate debt financing (the “Financing”) in respect of a portfolio of eight long-term care homes located across southern Ontario (a total of 1,384 beds) that are indirectly owned and operated by Chartwell Retirement Residences (“Chartwell”). The Financing was provided as a top-up to an existing set of long-term fixed-rate construction and term loans arranged and administered by Stonebridge.
Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement / long-term care communities across four provinces. As of the date of writing, Chartwell employs approximately 15,000 individuals and is listed on the Toronto Stock Exchange (TSE: CSH.UN) with a market capitalization of over CAD 3 billion.
We are Celebrating! Stonebridge Financial Corporation is marking our 20 year anniversary with a year-long celebration to commemorate our past 20 years and to highlight our vision for the future. To kick off the celebration we are proud to introduce a new 20 years commemorative logo. Stay tuned for more announcements and share in the celebration with us!
Stonebridge Financial Corporation is pleased to announce a new separately managed capital commitment of $50M from SSQ, Life Insurance Company Inc. to invest in private debt investments in renewable energy and social infrastructure. Stonebridge Financial Corporation continues to accept new and increased commitments to SIDF II LP and to its’ separately managed account portfolio.
Congratulations to Angela Valdes, Associate- Stonebridge Infrastructure Debt Fund, on celebrating her 5th Anniversary as a member of the Stonebridge Financial Corporation team!
Stonebridge Financial Corporation is pleased to announce an additional capital commitment of $18.6 M from two institutional investors with existing investments in both Stonebridge Debt Funds. SIDF II is nearly fully invested and continues to accept new and increased commitments to fund investments scheduled for the fiscal year commencing October 1st 2019.
Stonebridge Financial Corporation is pleased to announce the investment committee for Stonebridge Infrastructure Debt Fund II approved a debt investment of $25 M to finance the acquisitions of a portfolio of wind and solar renewable energy assets. Closing scheduled for October 2019.
Stonebridge Financial Corporation is pleased to announce investment committee approval of $15.4M in acquisition financing for 2 special care homes in New Brunswick. The debt investment will be shared between SIDF II and a separately managed investor account with closing scheduled for June 2019.