Fiera Infrastructure closes financing for Starlight

Executive Summary

• Fiera Infrastructure Private Debt, an affiliate of Fiera Capital Corp., has closed a follow-on development capital financing for Starlight, a renewable power and energy storage project developer.
• The loan proceeds are designated for advancing the development of Starlight’s solar project portfolio in Alberta, Canada.
• Selkirk Advisory Group Inc. served as the arranger and loan agent for the transaction.

Key Details

• Borrower: Starlight (a NextEnergy Group company).
• Lender: Fiera Infrastructure Private Debt (Fiera Capital Corp.).
• Transaction Type: Follow-on development capital financing (credit facility).
• Use of Proceeds: Advancing development of Starlight’s portfolio of solar projects in Alberta.
• Arranger/Loan Agent: Selkirk Advisory Group Inc.
• Strategic Context: The financing demonstrates Fiera’s continued partnership with Starlight and its ability to provide tailored innovative financing solutions to the North American infrastructure sector.

Notable Quotes

• Stephen Zagrodny, Managing Director, Fiera Infrastructure Debt: "Fiera is proud to continue its partnership with Starlight by providing another credit facility to support the development of the company's Alberta portfolio... This credit facility further demonstrates our team's ability to provide innovative financing solutions to the North American infrastructure sector, with terms and structures tailored to each borrower's unique needs."
• Marc Stachiw, Senior Vice-President at Starlight: "We value Fiera's ongoing support and the confidence they've placed in our team and strategy... This financing provides additional capacity to advance our Alberta development program, deliver tangible economic benefits to local communities, and contribute to a more reliable and sustainable electricity system."
• Dan Doubilet, Managing Partner of Selkirk: "It was a pleasure working with the Starlight team on another development capital financing... Bespoke financing structures at this small size are possible only with collaborative, creative and efficient partners like Starlight and Fiera."