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Crown Ridge Health Care Services Inc.

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a long-term, fixed rate debt financing for Crown Ridge Health Care Services Inc. (the “Sponsor”) for the refinancing of its existing indebtedness and to design, build (expand / refurbish), finance, operate, and maintain Westgate Lodge, a 160-bed long-term care facility located in Belleville, Ontario (the “Project”). The Sponsor shall own and operate the Project, and the financing is further supported by the portfolio of retirement and long-term care facilities also owned and operated by the Sponsor.

Stonebridge acted as Financial Arranger to the Sponsor, and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P., Beneva Inc., La Capitale Financial Security Insurance Company, and Industrial Alliance Insurance and Financial Services Inc.

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, and agency services. The company focuses on financial advisory and arranging of project financings in the infrastructure and energy sectors. 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.

 

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QUEEN’S GARDEN LONG TERM CARE

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a fully amortizing long-term debt financing in respect of the refinancing of the Queen’s Garden Long Term Care Residence, a 128-bed long-term care facility in Hamilton, Ontario (the “Project”).

Stonebridge acted as Financial Advisor and Arranger, and financing for the Project was provided by The Canada Life Assurance Company.

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. Stonebridge has arranged and closed a total of $7.4 billion in financing, with $3.5 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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Grandview Children’s Centre Redevelopment Project

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $75 million bank project financing (the “Financing”) in respect of the Grandview Children’s Centre Redevelopment design-build-finance project located in Ajax, Ontario (the “Project”).

The Project was procured by Infrastructure Ontario (“IO”) in conjunction with Grandview Children’s Centre (the “Contracting Authority”) via a competitive procurement process beginning with a Request for Qualifications issued in September 2020 and followed by a Request for Proposals issued in May 2021 pursuant to which Children’s First Consortium (the “Consortium”) was selected as Preferred Proponent in March 2022. Stonebridge acted as Financial Advisor and Arranger to the Consortium, which was jointly led by Amico Design Build Inc. and Sacyr Construcción S.A.

The Project will be a centre of excellence in paediatric care and will provide a wide range of services including Centre-Wide Therapy Services, the Ontario Autism Program, a Preschool Outreach Program, School-Based Rehabilitation, Developmental Paediatric Medical Services, and Campbell Children’s School. The larger, fully accessible facility will allow the Contracting Authority to expand or enhance existing services and introduce new ones. The new facility will also provide the Contracting Authority the ability to serve more patients and caregivers in Canada’s fastest growing community.

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. Stonebridge has arranged and closed a total of $7.4 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.

https://www.infrastructureontario.ca/Contract-Awarded-Grandview-Children%E2%80%99s-Centre-Redevelopment/

COGEN BIOGAZ HY S.E.C.

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a long-term debt financing in respect of the acquisition and expansion of an operating 2MW landfill gas utilization facility (“Project”) by Cogen Biogaz HY S.E.C., a partnership between Hydromega Services Inc. and Plant-E Corp.

The Project, situated in the municipality of Sainte-Cecile-de-Milton, Québec, generates power and offset carbon credits from methane collected at the landfill site, with the electrical energy sold to Hydro-Quebec Distribution pursuant to a long-term power purchase agreement., and the offset credits monetized in the open market.

The financing was co-arranged by Stonebridge and Selkirk Advisory Group, with funding provided by The Equitable Life Insurance Company of Canada and Stonebridge Infrastructure Debt Fund II Limited Partnership.

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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Burchill Wind Limited Partnership

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $46.9 million, long-term, fixed rate debt financing in respect of the construction and operation of the 42 MW Burchill Wind project, located in Saint John, New Brunswick.

A partnership between Tobique First Nation and Natural Forces, the Burchill Wind LP will generate clean, renewable energy that is sold to Saint John Energy under a 25-year power purchase agreement.

Stonebridge acted as Financial Arranger to the Burchill Wind LP 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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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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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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