RE Royalties Announces Marketed Private Placement of Series 4 Secured Green Bonds

RE Royalties Ltd., a leader in renewable energy royalty-based financing, has announced a marketed private placement of Series 4 secured green bonds for gross proceeds of up to $10 million. The Green Bonds, with a principal amount of $1,000 or US$1,000, will have a five-year term and bear an interest rate of 9% per annum, payable quarterly.

Integral Wealth Securities Limited and Canaccord Genuity Corp. will act as lead agents. The proceeds will be used to finance or refinance renewable and sustainable energy projects aimed at reducing greenhouse gas emissions and mitigating climate change. The company has aligned its 2024 Green Bond Framework with the International Capital Market Association Green Bond Principles (2021).

The closing of the offering is expected around August 29, 2024. All securities issued will be subject to a statutory hold period of four months from the issuance date in accordance with applicable Canadian securities laws.