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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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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

Stonebridge closes a $68.2 million for Chartwell Retirement Residences

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.

Potentia Renewables 15 LP

Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a $25 million, 17-year fixed rate debt financing for the acquisition of 3 entities with an economic interest in a portfolio of operating wind and solar renewable energy assets located in Ontario and Nova Scotia. The portfolio comprises of 10 ground-mount solar sites, 10 rooftop solar sites and a utility-scale wind farm. The power output is 100% contracted with the Independent Electric System Operator under the Ontario Feed-In Tariff Contracts and to Nova Scotia Power Inc. under the Nova Scotia Community Feed-In Tariff Contracts.

Stonebridge acted as Financial Arranger to Potentia Renewables 15 LP, and financing 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 $3.95 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.

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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.

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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.

 

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