Greenbriar begins closing process for $40M (U.S.) loan

Executive Summary

• Greenbriar Sustainable Living Inc. has initiated the closing process for a senior secured construction loan of USD $40 million from a private fund vehicle managed by Voya Investment Management.
• The loan will finance the Sage Ranch development and is being processed with U.S. legal counsel to satisfy credit‑facility conditions, including revised water‑supply assessments required under California law.

Key Details

• Loan Amount: USD $40 million senior secured construction facility.
• Lender: Private fund vehicle managed by Voya Investment Management.
• Purpose: Funding the Sage Ranch construction project (real estate and renewable energy components).
• Current Status: Commenced closing process; company is working with U.S. legal counsel and advisers to meet credit‑facility conditions.
• Condition Highlight: Revision of water‑supply assessment to ensure compliance with California water‑resource availability requirements.

Notable Quotes

(No direct quotes provided in the release.)