12/21/2017
Stonebridge Financial Corporation and Stonebridge Infrastructure Debt Fund II L.P. are pleased to announce their participation in the commercial and financial close on the new Bruce Power Office Complex and Training Facility (“The Project”) in Kincardine, Ontario. The Project consists of an approximately 129,000 square-foot facility consisting of dedicated program space to support the Life-Extension Program at the Bruce Power Nuclear Generating Station.
The consortium lead is Concert Infrastructure Ltd. (“Concert”). The project will be delivered by Concert as a modified design, build, finance and maintain model over a 25.7 year term excluding early works. Concert’s integrated consortium includes the following companies:
• Concert Infrastructure Fund
• Bird Construction Industrial Services Ltd.
• Stantec Consulting Inc.
• Concert Realty Services Ltd,; and
Prior to commercial and financial close Stonebridge Financial Corporation was mandated as Financial Arranger for the Project. During the construction and operating phase Stonebridge Financial Corporation is mandated as Lender Agent and Collateral Trustee. Stonebridge Infrastructure Debt Fund II L.P. is lead Lender.
“The project demonstrates that the public-private-partnership delivery model can be scaled to smaller projects, while delivering value to the ultimate project sponsors,” said Derron Bain, Concert Infrastructure’s Senior Vice-President. “The model and approach developed for Bruce Power’s unique requirements can be translated to Crown corporations, government agencies and municipalities to deliver on their public infrastructure needs.”
