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Solar Flow-Through Project #1 (2013) LTD & Solar Flow-Through (2016) LTD.

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $12.24 million, long-term, fixed rate debt financing in respect of the construction and operation of 11 ground-mount solar projects with an energy generation capacity of 6.3 MW, located across Ontario (the “Project”).

Sponsor for the Project is Solar Flow-Through Project #1 (2013) Ltd. and Solar Flow-Through (2016) Ltd. (collectively known as “Solar Flow-Through Funds” or “SFT”), which is a group of limited partnerships with a unique flow-through share investment strategy. In partnership with First Nations, Métis, municipalities, and community cooperatives, the Project will generate clean, renewable energy that is sold to local distribution companies in Ontario under 20-year power purchase agreements with the Independent Electricity System Operator.

Stonebridge acted as financial arranger for SFT and financing for the Project was provided by La Capitale Civil Service Insurer Inc.  (“La Capitale”) and Stonebridge Infrastructure Debt Fund II LP (“SIDF II”).

Stonebridge 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 $3.95 billion of project debt financing since its inception.

SIDF II is an open-ended fund focused on long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.  SIDF II incorporates environmental, social and governance (ESG) factors into its investment processes at all levels. Stonebridge is a signatory of the UN PRI.

La Capitale Civil Service Insurer Inc is owned by La Capitale Civil Service Mutual, a mutual management corporation with assets of $7.1 billion, which operates mainly in Canada providing individual life and health insurance, savings and loans, mortgage loans, group insurance, automobile and home insurance, commercial insurance and surety lines and travel insurance.

TOMESTONE

Wocawson Energy Project

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $36.3 million, long-term, fixed rate debt financing in respect of the construction and operation of the 20 MW Wocawson Energy Project, located in Kings County, New Brunswick.

A partnership between Tobique First Nation and Natural Forces, the Wocawson Energy Project will generate clean, renewable energy that is sold to New Brunswick Power Corporation under a 30 year power purchase agreement.

Stonebridge acted as Financial Arranger to Wocawson Energy LP and financing for the Project was provided by iA Financial Group, La Capitale Civil Service Insurer Inc., and 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.

 

TOMBSTONE

Gagetown and Oromocto- Special Care Homes

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $15.4 million, long-term, fixed rate debt financing for the acquisition of two special care homes Oromocto Special Care Home and Gagetown Special Care Home (together, the “Project”), located in Oromocto and Gagetown, New Brunswick respectively.  Oromocto Special Care Home can accommodate up to 71 licensed special care beds and Gagetown Special Care Home can accommodate up to 28 licensed special care beds.

Stonebridge acted as Financial Advisor and Arranger, and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P and La Capitale Civil Service Insurer 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 $3.9 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. h

TOMBSTONE

Foundation Horace-Boivin CHSLD Granby

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $61.9 million, long-term, fixed rate debt financing for Fondation du Centre D’Hebergement et de Soins de Longue Duree Horace-Boivin (the “Sponsor”) to design, build, finance, and maintain a new 176-bed long-term care facility located in Granby, Québec (the “Project”). The Project shall be owned and maintained by the Sponsor and operated by CIUSS de l’Estrie – Centre hospitalier universitaire de Sherbrooke.

Stonebridge acted as Financial Advisor and Arranger to the Sponsor, and financing for the Project was provided by Stonebridge Infrastructure Debt Fund II L.P., La Capitale Civil Service Insurer Inc., 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 $3.9 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.

VISIT TOMBSTONE

Stonebridge closes financing on Wind Project in Montana, USA.

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $24 million, 17-year fixed rate debt financing, for two 10 MW operating wind projects, located in Montana, USA. The projects are sponsored by Potentia Renewables Inc., a fully integrated developer, owner and operator of renewable energy assets, focused on solar and wind.

Stonebridge acted as Financial Arranger to Potentia Renewables Inc, with financing provided by IA Financial Group.

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. 

Winchie Creek Hydro

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of $14 million, 39.5 year fixed rate debt financing of 4.0 MW run-of-river hydroelectric project on the lower reaches of Winchie Creek, located approximately 32 km east of Tofino on the west coast of Vancouver Island, British Columbia.  

Sponsored by Tla-o-qui-aht First Nation, the Project will generate clean, renewable energy that is sold to British Columbia Hydro and Power Authority under a 40 year long-term Energy Purchase Agreement.

Stonebridge acted as Financial Arranger to Winchie Creek Hydro LP, 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.

Potentia Solar 9 LP

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of an $11.0 million, 20 year fixed rate debt financing for the construction and operation of a portfolio of 58 rooftop solar projects to be built on various Toronto District School Board schools. Once fully commissioned, the portfolio will have a total capacity of 8.3 MW. The energy generated by the projects is sold to the Independent Electric System Operator under Ontario Feed-In Tariff Contracts.

Stonebridge acted as Financial Advisor and Arranger to Potentia Solar 9 LP, 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.

Bruce Power Office Complex and Training Facility

Stonebridge Financial Corporation and Stonebridge Infrastructure Debt Fund II L.P. are pleased to announce their participation in the commercial and financial close on the new Bruce Power Office Complex and Training Facility (“The Project”) in Kincardine, Ontario. The Project consists of an approximately 129,000 square-foot facility consisting of dedicated program space to support the Life-Extension Program at the Bruce Power Nuclear Generating Station.

The consortium lead is Concert Infrastructure Ltd. (“Concert”). The project will be delivered by Concert as a modified design, build, finance and maintain model over a 25.7 year term excluding early works. Concert’s integrated consortium includes the following companies:

  • Concert Infrastructure Fund
  • Bird Construction Industrial Services Ltd.
  • Stantec Consulting Inc.
  • Concert Realty Services Ltd,; and

Prior to commercial and financial close Stonebridge Financial Corporation was mandated as Financial Arranger for the Project. During the construction and operating phase Stonebridge Financial Corporation is mandated as Lender Agent and Collateral Trustee. Stonebridge Infrastructure Debt Fund II L.P. is lead Lender.

“The project demonstrates that the public-private-partnership delivery model can be scaled to smaller projects, while delivering value to the ultimate project sponsors,” said Derron Bain, Concert Infrastructure’s Senior Vice-President. “The model and approach developed for Bruce Power’s unique requirements can be translated to Crown corporations, government agencies and municipalities to deliver on their public infrastructure needs.”

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in financial advisory, 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 $3.7 billion of project debt financing since its inception. Stonebridge Infrastructure Debt Fund II L.P., an open-ended fund, is managed by Stonebridge Financial Corporation and is focused on investing in long-term, investment grade social infrastructure and energy private debt transactions in the Canadian marketplace.

Stonebridge Infrastructure Debt Fund II LP (the “Fund”) and Stonebridge Financial Corporation (the “Manager”) are very pleased to announce two new commitments to the Fund.

Stonebridge Infrastructure Debt Fund II LP (the “Fund”) and Stonebridge Financial Corporation (the “Manager”) are very pleased to announce a new $100 M capital commitment from a new LP investor.  As well, an additional capital commitment of $17.5 M from an existing investor brings their total commitment in the Fund to $75 M.  The Fund’s total committed capital is now $412.3 M.  Assets under Management by the Manager total $ 661 M.

The Fund is an open-ended Ontario Limited Partnership with capital commitments provided by a number of Canadian institutional investors including pension funds, insurance companies and the Business Development Bank of Canada.

The Manager provides its institutional clients with access to the investment grade Canadian Private Debt market while emphasizing capital preservation.  The Manager originates senior debt investments in Real Assets that deliver long-term predictable cash flows derived from government contracts and premium returns over comparable government bond yields.

Stonebridge Financial Corporation is a specialized financial services company with a proven reputation and expertise in arranging and structuring debt financings for syndication in the Canadian institutional marketplace, with a focus in the renewable energy, infrastructure, and health care sectors. Stonebridge has arranged and syndicated over $6 billion of private debt.

All figures as at September 30, 2017

For further information:

Yvon J. Jeghers, CPA, CA, Vice President and Managing Director, Stonebridge Infrastructure Debt Fund, 20 Adelaide Street East, Suite 1201, Toronto ON M5C2T6, Work: (416) 364-3001 ext. 242, Email: yjeghers@stonebridge.ca, Web: www.stonebridge.ca