Catenaa, Monday, January 19, 2026- EverGen Infrastructure Corp. is moving forward with its debt refinancing and private placement plans, reinforcing its financial position for 2026, according to a media communique.
The Canadian renewable energy firm secured a $13 million term loan and a $250,000 operating line of credit through its subsidiary Fraser Valley Biogas with Farm Credit Canada.
Funding is expected to close in the coming days, subject to customary conditions.
In parallel, EverGen is extending the second tranche of its non-brokered private placement, offering up to 3,333,334 common shares at $0.60 per share to raise $2 million.
The proceeds are intended to repay certain outstanding debt and cover working capital and general corporate purposes. The shares will be subject to a statutory four-month and one-day hold and await TSX Venture Exchange approval.
The first tranche, completed in May 2025, raised $5 million through the issuance of 8,333,333 shares to ASK America, LLC in connection with a company reorganization.
Together, the two tranches support EverGen’s strategy to align financing with operational priorities while maintaining flexibility for future growth.
EverGen operates as a renewable natural gas and waste-to-energy infrastructure platform in Canada, with a portfolio of assets that supports sustainable energy production. The company emphasizes responsible growth and investment in renewable projects, including expansions across North America.
Forward-looking statements in this release caution that outcomes depend on approvals, closing conditions, and market factors, including energy commodity prices, regulatory developments, and access to capital.
EverGen secures a $13M credit facility and extends a $2M private placement to repay debt and strengthen operations for 2026 growth.
