Green Impact Partners Announces Amendment to Its Corporate Credit Facility and Closes Term Loan
Calgary, Alberta--(Newsfile Corp. - June 12, 2025) - Green Impact Partners Inc. (TSXV: GIP) ("GIP" or the "Company") announces that the Company has executed an amendment to its corporate credit facility (the "Facility") to provide a waiver of certain events of default under the Facility until June 30, 2025. With this waiver, the Facility lender no longer has the right to demand repayment and/or realize on the security until June 30, 2025. In addition to the waiver, certain covenant and reporting requirements under the Facility have been amended.
GIP also announces funding of a $2.0 million loan (the "Loan") with a company controlled by the Company's Chief Executive Officer ("CEO"). On closing of the Loan, the CEO funded the first $1.5 million with $0.5 million available for future funding subject to certain customary conditions. The details of the term loan were previously announced on May 21, 2025, and the funds will be used for working capital purposes.
With respect to the sale of the Company's water and recycling assets, as previously announced, GIP expects the transaction to close on or before June 30, 2025. Completion of the transaction remains subject to the satisfaction or waiver of certain customary closing conditions, including the approval of the TSX Venture Exchange ("TSXV").
GIP has also posted an updated investor relations presentation to its website. Please visit www.greenipi.com/investors.
The Loan is a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Loan transaction is exempt from the requirement for a formal valuation and minority approval in accordance with, respectively, sections 5.5(b) and 5.7(a) of MI 61-101, as the Company is listed on the TSXV and the fair market value of the Loan transaction does not exceed 25% of the Company's market capitalization.
About Green Impact Partners Inc.
Green Impact Partners Inc. is forging a path towards a sustainable future by turning waste into energy. With a focus on renewable natural gas (RNG) and bioenergy projects, our mission is to acquire, develop, construct, and operate facilities that not only produce energy but also play an important role in waste reduction and lowering emissions. Our comprehensive approach spans the entire project life cycle, from idea generation through construction to ongoing operations. In addition to our RNG and bioenergy projects, GIP maintains a current portfolio of water and solids treatment and recycling facilities in Canada, alongside a solids recycling business in the United States.