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Green Impact Partners Provides Update on Its Water and Recycling Sales Process and Announces Amendment to Its Corporate Credit Facility
Newsfileยท 2025-07-15 22:45
Core Viewpoint - Green Impact Partners Inc. (GIP) has announced an extension request from the purchaser of its water, waste treatment, and recycling assets, delaying the closing date originally set for July 16, 2025 [1][2]. Group 1: Company Update - GIP is currently evaluating the terms to grant the extension and will provide further updates in due course [1]. - As a result of the extension request, GIP has amended its corporate credit facility to waive certain events of default until July 31, 2025, contingent upon meeting specific covenants and conditions [2]. Group 2: Company Overview - GIP focuses on sustainable solutions by converting waste into energy, particularly through renewable natural gas (RNG) and bioenergy projects [3]. - The company aims to acquire, develop, construct, and operate facilities that produce energy while contributing to waste reduction and emissions lowering [3]. - GIP's portfolio includes water and solids treatment and recycling facilities in Canada, as well as a solids recycling business in the United States [3].