- Xebec Adsorption (XBC) has secured C$59 million in credit facilities with National Bank of Canada’s Technology and Innovation Banking Group
- The credit facilities will support Xebec’s growth and its Cleantech Service Network acquisition strategy
- These credit facilities represent the broadest access to debt financing available to the company to date
- Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications
- Xebec Adsorption (XBC) is up 4.70 per cent, trading at C$8.68 per share at 1 pm EST
Xebec Adsorption (XBC) has secured C$59 million in credit facilities with National Bank of Canada’s Technology and Innovation Banking Group.
The expanded facilities will provide Xebec with support for its strategy of developing a North American and European Cleantech Service Network for its increasing renewable natural gas and hydrogen installations.
“We’re pleased to partner with National Bank of Canada, which is committed to building lasting relationships with its clients and to supporting sustainable development. The confidence placed in Xebec by National Bank of Canada to increase our credit facilities shows that the team has a growth and development plan that adequately responds to the decarbonization needs around the world,” said Stphane Archambault, CFO of Xebec Adsorption Inc.
“Xebec is an innovative cleantech company developing solutions to help our customers reduce their emissions while simultaneously reducing the cost of their industrial and renewable gas purchases.
Xebec is playing an increasingly important role in the transition to a net-zero carbon economy.”
“Our Technology and Innovation Banking Group offers specialized support to fast-growing technology businesses like Xebec, which is on its way to becoming a renewable gas leader. We’re proud to partner with a home-grown company that has provided clean energy solutions to thousands of customers around the world and has seen tremendous growth in its activities over the last few years.
It’s very exciting for us to support Xebec in its future development and acquisition strategy,” added Franois-Pierre Dionne, Senior Director, Technology and Innovation Banking at National Bank of Canada."
These credit facilities represent the broadest access to debt financing available to the company to date.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications.
The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen.
Xebec Adsorption (XBC) is up 4.70 per cent, trading at C$8.68 per share at 1 pm EST.