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PowerBank Completes C$25.4M Project-Level Refinancing; Expected To Release ~C$5M In Net Cash

Benzinga·10/26/2026 11:38:02

Refinancing across 53 operating solar projects expected to release approximately CA$5.0 million in net cash to PowerBank

Consolidates 50 credit agreements into one facility with a major Canadian bank, with lower scheduled debt payments, banking fees and administrative costs expected

PowerBank to bring operations and maintenance of 49 solar projects in-house, supporting lower operating costs and greater operational control

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 5, 2025 to its short form base shelf prospectus dated May 7, 2025