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HSBC, TD Bank Provide $53MM Green Loan Financing to Creative Energy Developments
Thursday, October 14, 2021

Lenders/Participants HSBC Bank Canada [Lead Lender]
TD Bank [Lead Lender]
Structure Green Loan
Amount $53.000 Million
Borrower(s) Creative Energy Developments
Description A $53 million credit facility, which includes the refinancing of $28 million of existing debt and a new $22 million green loan facility. The financing will support Creative Energy’s future low-carbon projects in Vancouver and Toronto, including an ocean-exchange district energy system at Horseshoe Bay Sanctuary and a new district cooling system for Main Alley in Vancouver, as well as a neighborhood energy system and microgrid that will provide heating, cooling and power to the 100% rental Mirvish Village project in Toronto, among others.
Industry Energy
Related Tags HSBC Bank Canada, TD Bank

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