EverGen Signs $31 Million Loan for Funding of RNG Facility Upgrades & Expansion Projects in British Columbia
EverGen Infrastructure Corp. announced that it has signed a term sheet with its existing lender, Roynat Capital and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan to support the upgrade and construction of its Renewable Natural Gas facilities at Fraser Valley Biogas and Net Zero Waste Abbotsford.
"The Facility is an integral component to EverGen’s capital structure as we embark on our planned upgrade and expansion projects,” said Chase Edgelow, CEO of EverGen. "This Facility ensures our near-term Core RNG Expansion projects are fully funded to deliver 480,000 GJ of RNG annually.”