EverGen Infrastructure Corp. has announced significant progress in its debt refinancing and private placement initiatives, aiming to bolster its financial position through 2026. These efforts are designed to support the company's ongoing renewable natural gas (RNG) growth strategy and its expansion plans across North America.
Farm Credit Canada Financing
Through its subsidiary, Fraser Valley Biogas, EverGen has secured a $13 million term loan and a $250,000 operating line of credit from Farm Credit Canada. This financing is expected to close in the near future, pending the satisfaction of customary closing conditions.
Private Placement Extension
In parallel, EverGen is extending the second tranche of its non-brokered private placement. This offering provides an opportunity to raise additional capital through the issuance of common shares. The company intends to use the proceeds from this placement to repay certain outstanding corporate debt, strengthen its liquidity, and support its RNG platform and broader North American expansion initiatives.
The shares issued in this placement will be subject to a statutory four-month and one-day hold period and will require approval from the TSX Venture Exchange.
The first tranche of this private placement was completed in May 2025, raising funds through a share issuance to ASK America, LLC, in connection with a corporate reorganization. The combined tranches are intended to align EverGen's financing strategy with its operational priorities while preserving financial flexibility for future growth opportunities.
EverGen's RNG Platform and Expansion
EverGen operates a renewable natural gas and waste-to-energy infrastructure platform primarily in Canada. Its portfolio of assets is focused on supporting sustainable energy production. The company has publicly stated its intentions to pursue expansions into new markets across North America.
Forward-Looking Statements and Market Factors
The company has included forward-looking statements within its announcements. These statements highlight that the realization of anticipated outcomes is contingent upon various factors, including the receipt of necessary regulatory approvals, the fulfillment of closing conditions for its financing arrangements, and prevailing market conditions. These market factors include, but are not limited to, energy commodity prices, regulatory developments impacting the energy sector, and the company's ongoing access to capital.