ESGBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Obtains $31M Senior Term Loan to Fund RNG Facility Upgrades, Delivery of Expansion Projects
EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has signed a term sheet with its existing lender, Roynat Capital and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan. The proposed facility is a five-year, senior term loan with a 10-year amortization period and interest-only payments for the first 12 months. Upon approval, $15 million will finance the Fraser Valley Biogas (“FVB”) RNG expansion project and the remaining $16 million will support the Net Zero Abbotsford (“NZWA”) RNG Expansion Project. According to the announcement, FVB is the original producing RNG project in Western…