Obtains $300M from EDC
Summary
We are delighted to announce the establishment of a new $300m seven year bank debt facility with Export Development Canada (EDC).The new facility combines highly competitive financing terms with a long tenor, extending the average duration of our debt portfolio. "TransGrid was advised on the transaction by RBC Capital Markets and King Wood Mallesons.Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need the trade knowledge, financing solutions, equity, insurance, and connections to grow their business with confidence. One of the key commitments in that policy aims to increase EDCs business focused on clean and low carbon technology. EDC is Canadas single largest financier of clean technology, facilitating over $9 billion in Canadian cleantech since 2012.We are also enhancing the transparency around how we are addressing our organizations climate-related risks and opportunities through the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.