EverGen Secures $13M Loan and Expands Private Placement to Reduce Debt

EverGen Infrastructure Corp. has announced a successful $13 million loan from Farm Credit Canada, alongside the extension of its private placement, to refinance its debts. This strategic move will not only assist in funding working capital but also bolster its renewable natural gas (RNG) growth strategy through 2026.

Key Takeaways

EverGen has finalized a $13 million loan from Farm Credit Canada.
The company is extending its non-brokered private placement to raise additional capital.
Funds from the private placement will help pay off existing debt and support working capital needs.
EverGen is focused on expanding its renewable energy initiatives throughout North America.
The company has cautioned that future outcomes depend on various regulatory and market conditions.

EverGen refinances debt with $13m loan and extended placement.

Main Content

EverGen Infrastructure Corp. has taken significant steps toward enhancing its financial health by securing a $13 million term loan from Farm Credit Canada. The loan, facilitated through EverGen’s subsidiary, Fraser Valley Biogas, is aimed at refinancing existing debt, providing working capital, and supporting the company's renewable natural gas (RNG) growth strategy into 2026.

In a statement, EverGen announced its ongoing efforts to refinance its debt and extend its private placement initiatives as part of its financial strategy. This loan is expected to finalize in the upcoming days, subject to standard closing conditions.

Additionally, EverGen is extending the second tranche of its non-brokered private placement, intending to offer more common shares to generate additional capital. The proceeds from this placement will primarily be used to repay certain outstanding debts, as well as to cover working capital and general corporate expenses. The shares offered will be under a four-month and one-day statutory hold period, pending approval from the TSX Venture Exchange.

Previously, the first tranche was completed in May 2025. This initial round raised capital through the issuance of shares to ASK America, LLC, as part of a company reorganization. Together, both tranches of funding are designed to align EverGen’s financial strategy with its operational goals while maintaining the flexibility needed for future growth.

EverGen operates a renewable natural gas and waste-to-energy infrastructure platform in Canada, backed by a portfolio of assets that facilitate sustainable energy production. The company has expressed its intentions to expand its operations across North America.

In its announcement, EverGen provided forward-looking statements, emphasizing that the outcomes of this refinancing and expansion depend on various factors. These include necessary regulatory approvals, closing conditions, fluctuations in the energy market, and access to capital.

This strategic refinancing initiative positions EverGen to enhance its financial stability and capitalize on future growth opportunities in the renewable energy sector.