on Waga Energy (EPA:WAGA)
Waga Energy Secures CA$25 Million Refinancing Loan in Canada
Waga Energy has secured a CAD 25 million loan, with a 19-year maturity, from Equitable and Empire Life, two Ontario-based financial services companies. This financing will refinance three biomethane production units, called WAGABOX®, located in Saint-Étienne-des-Grés, Chicoutimi, and Cowansville, Quebec. Together, these units represent an annual capacity of 185 GWh. The loan will also be used to repay construction debt and strengthen Waga Energy's cash position to support new projects in Canada and internationally.
This refinancing marks a first for Waga Energy in Canada. It currently operates seven units in North America and is building 13 more in Canada and the United States. Jean-Michel Thibaud, Deputy CEO and Chief Financial Officer of Waga Energy, highlighted the importance of this transaction, calling it a significant milestone.
R. H.
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