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.