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