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| Home : Northland Power Closes $240 Million in Financing to Build Five 10MW Solar Projects in Ontario |
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Apr 25
2014 |
Northland Power Closes $240 Million in Financing to Build Five 10MW Solar Projects in Ontario |
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TORONTO, ONTARIO--(Marketwired - April 24, 2014) - Northland Power Inc. ("Northland") (TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A)(TSX:NPI.DB.B) announced today that it has completed financing for the fourth and last phase of its 130 MW ground-mount program. The five solar projects, totaling 50 MW, are located in various communities in northern and central Ontario. The financing process was managed by The Bank of Tokyo Mitsubishi UFJ, Ltd., Mizuho Corporate Bank, Ltd., Sumitomo Mitsui Banking Corporation, Nordeutsche Landesbank and Siemens Financial Ltd. as Lead Arrangers, and included Raymond James Ltd., CIT Financial Ltd, and Laurentian Bank of Canada. The facilities consist of a $240 million construction credit facility with an 18-year term loan. |
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| Source:http://www.marketwired.com/mw/release.do?id=1903025&sourceType=3 |
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