Green Impact Partners Announces Corporate Update

Executive Summary

• Green Impact Partners Inc. (GIP) renegotiated a $7.5 million termination‑fee settlement, enabling GIP to assume control of a water and recycling facility; the deal is expected to close within 30 days or concurrently with a senior debt refinancing.
• The acquired asset is projected to contribute an additional $3–5 million of EBITDA (including synergies) once operational.
• GIP executed a senior secured debenture financing term sheet to repay existing corporate debt and provide working‑capital; simultaneously, the company amended its corporate credit facility to obtain waivers of certain events of default pending refinancing.

Key Details

• Termination Fee Settlement: $7.5 M fee renegotiated; allows GIP to take over former purchaser’s water & recycling operating asset.
• Transaction Timeline: Expected closing at GIP’s discretion within the next 30 days or concurrent with senior debt refinancing.
• EBITDA Impact: Acquired facility expected to add $3–5 M of divisional EBITDA, inclusive of anticipated synergies.
• Financing Term Sheet: Senior secured debenture financing (terms not fully disclosed) sufficient to:
• Pay off current corporate debt.
• Provide additional working‑capital for operations and growth initiatives.
• Credit Facility Amendment: Corporate lender agreed to amend the credit facility, granting a waiver of certain events of default subject to covenant compliance and completion of refinancing.
• Colorado JV Update: GIP US and partner Infrastructure executed an amended partnership agreement giving GIP US exclusive management discretion; both parties waived prior disputes and defaults. The Colorado JV remains in default under its project lender’s credit agreement, and GIP is negotiating a waiver period to allow EPC‑related remedies and equipment upgrades.
• Future Energy Park: CEO Jesse Douglas highlighted the project as “the premier biofuels development in North America,” noting supportive Canadian government policies and expected tailwinds for construction.

Notable Quotes

“Our team couldn't be more excited about the anticipated closing of these milestone transactions to bring The Future Energy Park through its final steps to construction.” – Jesse Douglas, CEO