RE Royalties Ltd V.RE

RE Royalties Enters into USD $4.6 Million Loan

[Betteryear2]

All amounts in US dollars unless otherwise stated

VANCOUVER, BC / ACCESSWIRE / March 2, 2022 / RE Royalties Ltd. (TSXV:RE) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, has entered into a mezzanine financing agreement with Outagamie Clean Energy Partners ("OCEP"), a Renewable Natural Gas ("RNG") developer to finance the construction of a biogas to RNG upgrading project located in Wisconsin (the "Project").

RE Royalties has provided a USD $4.6 million secured loan (the "Loan") for three years. The Loan has an interest rate of 13.5% per annum. The Loan will be interest only for the first 2 years and amortized over the final year. RE Royalties will also receive a fixed annual royalty payment of 4% of invested capital for 10 years upon repayment of the Loan (the "Fixed Royalty Payment"). Franklin Park Infrastructure, a leading international renewable energy investor and asset manager, helped source and structure the Loan and will be a co-investor with RE Royalties.

https://www.accesswire.com/691308/RE-Royalties-Enters-into-USD-46-Million-Loan-and-Fixed-Royalty-Agreement-on-Renewable-Natural-Gas-Project-in-Wisconsin

[angeloet]

nice, i guess we are all just waitin on that dividend too. long time coming, but that will pad the loss account. RNG, LNG, this gives them the funding they need to push hard on their project scopes.