NetworkNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Secures Up to $100 Million in Project Financing for 97 MW U.S. Solar Portfolio
Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) has entered into a mandate letter with CIM Group to secure up to $100 million in project-level preferred equity financing for 97 MW of solar power projects in the U.S. The financing, structured through a joint venture with SolarBank subsidiary Abundant Solar Power Inc., will not involve the issuance of new SolarBank shares. CIM will acquire non-convertible preferred equity in the venture, with SolarBank retaining majority ownership of the 21 projects. The deal includes a revenue-sharing model, tax credit transfers, and redemption rights after a five-year…







