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.