Mr. Jeffrey Ciachurski reports
GREENBRIAR CAPITAL EXECUTES US$40 MILLION LOAN MANDATE FOR SAGE RANCH
On Oct. 20, 2023, further to its news release of April 6, 2023, Greenbriar Capital Corp. entered into an agreement in principle with Voya Renewable Energy Infrastructure Originator LP, a private fund vehicle managed by Voya Investment Management, in connection with a proposed financing for the company's Sage Ranch project in Tehachapi, Calif.
The proposed financing is structured at the project level, as a senior secured credit facility of up to $40-million. The terms and conditions applicable to the proposed financing, including financial terms, representations and warranties, covenants, conditions, events of default, and remedies, will be contained in one or more agreements acceptable to Voya, in Voya's sole discretion.
The proposed financing is subject to, among other things, all of the customary conditions, including authorization of the proposed financing by Voya's investment committee, and Voya and the company reaching final agreement upon the terms, conditions, covenants and other provisions satisfactory to Voya and the company, and TSX Venture Exchange approval.
About Greenbriar Capital Corp.
Greenbriar is a leading environmental, social and governance (ESG) alternative asset developer of renewable energy and recession-proof sustainable housing. With long-term, high-impact projects in key locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep-valued assets directed at accretive shareholder value.
We seek Safe Harbor.
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