EverGen seals $13m term loan, extends private placement to cut debt

Source: CryptoNewsNet Original Title: EverGen seals $13m term loan, extends private placement to cut debt Original Link: https://cryptonews.net/news/finance/32299782/ EverGen Infrastructure Corp. announced progress on debt refinancing and private placement initiatives aimed at strengthening its financial position through 2026.

Financing Details

The Canadian renewable energy company secured a term loan and operating line of credit through its subsidiary Fraser Valley Biogas with Farm Credit Canada:

• $13m term loan plus $250k operating line with Farm Credit Canada, pending closing conditions
• Funding expected to close in the coming days

Private Placement Extension

EverGen is extending the second tranche of its non-brokered private placement to raise up to $2m in additional common shares, following a $5m first tranche completed in May 2025.

The shares will be subject to a statutory four-month and one-day hold period and require TSX Venture Exchange approval.

Use of Proceeds

Capital raised will be allocated to:

• Repay certain outstanding corporate debt
• Strengthen working capital and liquidity
• Support RNG platform development and North American expansion plans

Strategic Focus

EverGen operates a renewable natural gas and waste-to-energy infrastructure platform in Canada, with a portfolio of assets supporting sustainable energy production. The company has indicated plans for expansions across North America. The two tranches support EverGen’s strategy to align financing with operational priorities while maintaining flexibility for future growth.

Forward-Looking Considerations

The company cautioned that outcomes depend on regulatory approvals, closing conditions, and market factors, including energy commodity prices, regulatory developments, and access to capital.