00:48:45 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Anaergia Inc
Symbol ANRG
Shares Issued 29,148,495
Close 2023-09-27 C$ 0.32
Market Cap C$ 9,327,518
Recent Sedar Documents

Anaergia's RIBF closes $20-million (U.S.) term loan

2023-09-28 11:09 ET - News Release

An anonymous director reports

ANAERGIA ANNOUNCES CLOSING OF RHODE ISLAND BIOENERGY FACILITY TERM LOAN

Anaergia Inc.'s subsidiary, Rhode Island Bioenergy Facility LLC (RIBF), has closed a $20-million (U.S.) term loan with East West Bank, a California corporation, to finance remaining construction and commissioning of the RIBF project in the town of Johnston, R.I., United States, and for working capital. This financing has a seven-year term, and bears interest on U.S.-dollar-denominated drawn funds at an annual rate equal to the prime rate as published in the Wall Street Journal (or another similar publication selected by the lender) plus 1.25 per cent, subject to adjustment based on a swap agreement to be entered into within 10 days after closing, and a floor of 7.5 per cent. The loan is subject to certain positive and negative covenants that are customary for transactions of this nature, including liens and security interests in assets of RIBF.

About Anaergia Inc.

Anaergia was created to eliminate a major source of greenhouse gases by cost-effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high-efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Its customers are in the municipal solid waste, municipal waste water, agriculture and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

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