Stonebridge Financial Corporation (“Stonebridge”) is pleased to announce the closing of a fully amortizing long-term debt financing in respect of the refinancing of the Queen’s Garden Long Term Care Residence, a 128-bed long-term care facility in Hamilton, Ontario (the “Project”).
Stonebridge acted as Financial Advisor and Arranger, and financing for the Project was provided by The Canada Life Assurance Company.
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. Stonebridge has arranged and closed a total of $7.4 billion in financing, with $3.5 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.