EverGen Infrastructure Provides Update on Debt Refinancing and Private Placement

Core Viewpoint - EverGen Infrastructure Corp. is advancing its debt refinancing and private placement initiatives, which are expected to strengthen its financial position and support growth in 2026 [2][3]. Debt Refinancing Activities - EverGen has executed a letter of intent for a $13 million asset-level debt facility aimed at repaying a majority of its corporate debt, with terms aligned to its current operations [2]. - The company has entered into a Credit Agreement with Farm Credit Canada for a $13 million term loan and a $250,000 operating line of credit, with closing expected soon [3]. Private Placement Update - The second tranche of a non-brokered private placement is being extended for up to 11,666,667 common shares, aiming for gross proceeds of up to $7 million at a price of $0.60 per share [4]. - The first tranche closed on May 21, 2025, raising $5 million through the issuance of 8,333,333 common shares [4]. - The second tranche is expected to close soon, with proceeds primarily allocated for debt repayment and working capital [5]. Company Overview - EverGen Infrastructure Corp. is a Canadian renewable natural gas infrastructure platform focused on combating climate change and promoting sustainability [6]. - The company operates a portfolio of renewable energy projects and is expected to continue its growth across North America [6].