Connor, Clark & Lunn Infrastructure closed more than $200 million in bank financing with a syndicate of international institutions, including CIBC, MUFG, Desjardins Group and SuMi TRUST, across its portfolio of U.S. renewable power projects.
“The completion of this refinancing marks a notable achievement by our asset management team,” Moira Turnbull-Fox, head of asset management for CC&L Infrastructure, said. “It demonstrates our proactive approach to financial optimization and value creation. By leveraging the strength of our existing assets and relationships, we have successfully secured an attractive financing package that is accretive to value. These efforts align with our disciplined investment strategy, ensuring long-term value for our investors.”
National Bank of Canada Capital Markets served as financial advisor to CC&L Infrastructure on the financing, Torys acted as borrower’s counsel, and Winston & Strawn acted as lender’s counsel.
