Altius Minerals Increases Great Bay Renewables Stake to 50% and Ups Credit Facility

Corporate Action
โดย Business Wire·Read original
Summary · why it matters

Altius Minerals Corporation has closed a transaction raising its effective ownership in Great Bay Renewables to 50 percent. Funds managed by Apollo affiliates sold their membership interests in GBR to Northampton Capital Partners for approximately 390 million US dollars, while Northampton concurrently sold its interest in Altius Renewable Royalties Corp. to Altius for about 168 million US dollars. As a result, Altius’s effective interest in GBR rose from 29 percent to 50 percent, with Northampton holding the remaining 50 percent and Apollo funds exiting entirely. Altius also amended its credit facility, increasing it to 350 million Canadian dollars from 225 million Canadian dollars, led by Bank of Nova Scotia and Toronto-Dominion Bank, and extended the maturity to July 2030.

Impact on stocks 4

Financials▲ · 2 stocks
Critical Materials & Supply Chain▲ · 1 stocks
Altius Minerals Corporation
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Altius increased its stake in Great Bay Renewables to 50% and upsized its credit facility to C$350M, strengthening its financial position and ownership.

Aging Population▲ · 1 stocks

Off-coverage companies 3

Altius Renewable Royalties Corp.Private± Mixed
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Great Bay RenewablesPrivate± Mixed
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Northampton Capital PartnersPrivate± Mixed
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