VANCOUVER, July 7, 2015 /CNW/ - Travelers Capital Corporation is pleased to announce that it has successfully arranged a $26.2 million debt financing against a portfolio of solar farms located in Ontario and owned by Concord Green Energy.
The loan was structured and arranged by Travelers Capital Corporation ("TCC"), acting as loan agent and security agent, and was funded by Siemens Financial Ltd. "Travelers Capital is delighted to have been selected to arrange the loan which allowed our client additional debt financing against a portfolio of recently acquired operating solar projects in Ontario. This is an another example of what Travelers Capital is capable of delivering for our clients that are seeking competitively priced and innovative financing solutions. We look forward to working with Concord Green Energy on future transactions", said Mark Bohn, Managing Partner of Travelers Capital Corporation.
About Travelers Capital Corporation
Travelers Capital Corporation is a specialized financial services company that offers structured debt and project finance solutions along with financial advisory services to developers in the renewable energy sector with a focus on middle market transactions up to $100 million or more in size.
Additional information on Travelers is available on the company's website at www.travelerscapital.com.
About Concord Pacific and Concord Green Energy
Concord Pacific created Concord Green to explore and support a variety of zero carbon energy producing projects of scale. Planning for infrastructure needs and requirements of Canadians has always been a cornerstone to Concord Pacific, Canada's first urban master planned community builder. Energy considerations and solutions will be significant to success of sustainable communities of the future. Concord Green Energy has projects at various stages of planning, development and operation across Canada. Some projects of note include: the Red Lily I wind farm in Saskatchewan, Skookum Creek run of river project in BC, and a portfolio of solar farms in Ontario. For more information, visit www.concordpacific.com.