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.