GREEN IMPACT PARTNERS INC. ANNOUNCES CLOSING OF Iowa CORPORATE LEND FACILITIES, SIGNATURE OF ANOTHER RNG PROGRAM IN Iowa AND LEADERSHIP UPDATE – QNT Press Release


Vancouver, British Columbia, January 12, 2022 /CNW/-

Corporate Credit Facility

Green Impact Partners (“GIP” or”company“) is pleased to announce the closure $30 million Corporate Credit Facility (“credit facility“) with a Schedule I Canadian bank. The credit facility includes a two-year committed revolving loan to assist with day-to-day operating requirements, with only interest payments until maturity. The credit facility is secured by certain of the company’s assets and includes Customary terms and conditions. Under certain covenants, credit facilities carry interest at Prime Rate + 0.75% to Prime Rate + 1.75%.

With the credit facility in place, coupled with the previously announced non-recourse project-level debt financing for the GreenGas Colorado RNG project and GIP’s internally generated cash flow forecast for 2022, the company’s expected near-term financial commitments are fully in place. GIP continues to be well-positioned to develop and execute other planned RNG projects in its portfolio.

Iowa RNG Program

The company is also pleased to announce the signing of a Letter of Intent, located in Iowa (This”Iowa RNG Program“). The Iowa RNG project is expected to include three sites similar in scale, scale and economics to the GreenGas Colorado RNG project and is expected to generate 1,000 GJ of RNG per day. GIP is currently finalizing agreements for binding and building It is expected to start later this year.

Leadership Update

also, Julia Cicarione Joined GIP as Vice President, Regulatory and Environment. Julia previously founded Pristine Power Inc. and has held executive leadership and consulting roles in the energy industry including Pristine Power Inc. and Veresen Inc.. Julia has a long track record of success in licensing and developing nearly 1.5 projects…

The full story is available on Benzinga.com



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