Greenbriar Announces Commencement of the Loan Closing Process for the USD $40 Million Sage Ranch Construction Facility

Executive Summary

• Greenbriar Sustainable Living Inc. has begun the closing process for a USD $40 million senior secured construction loan (“Sage Ranch” facility) provided by a private fund vehicle managed by Voya Investment Management.
• The loan is being structured to meet conditions of the credit facility, including revised water‑supply assessments required under California law.
• Completion of this financing will provide capital for Greenbriar’s ongoing sustainable real‑estate and renewable‑energy development projects.

Key Details

• Loan Amount: USD $40 million senior secured construction loan.
• Lender: Private fund vehicle managed by Voya Investment Management.
• Purpose: To fund construction and development activities for Greenbriar’s Sage Ranch project and related sustainable‑living initiatives.
• Current Status: Commenced closing process; company is working with U.S. legal counsel and advisors to satisfy credit‑facility conditions.
• Condition Highlight: Revision of the Water Supply Assessment to demonstrate compliance with California water‑resource availability requirements.
• Security: Senior secured – loan collateralized by project assets (specific collateral not disclosed).
• Use of Proceeds: Intended for construction costs, development expenditures, and related working capital needs associated with the Sage Ranch project.

Notable Quotes

(No direct quotes from executives were included in the release.)