Polaris Infrastructure Announces Debt Re-Financing Funding in Nicaragua

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Feb 17, 2022

TORONTO, ON / ACCESSWIRE / February 16, 2022 / Polaris Infrastructure Inc. (TSX:PIF, Financial) ("Polaris Infrastructure" or the "Company"), is pleased to announce that, with the coordination of a financial institution specialized in debt structuring for energy and infrastructure projects in Latin America and the Caribbean, it has closed funding of a definitive financing agreement with three Development Financial Institutions (DFI's) for a Senior Debt Facility totalling $110 Million USD for the Company's wholly-owned geothermal subsidiary in Nicaragua (the "Debt Re-Financing"). This Senior Debt Facility replaces the existing Senior and Subordinated project loans in Nicaragua.