PRT Growing Services Ltd (“PRT”), the premier provider of critical growing services for container-grown forest seedlings in North America, and Instar Asset Management Inc. announced the closing of $90 million in green loan facilities led by Royal Bank of Canada and HSBC Bank Canada to support the Company’s acquisition by Instar and future growth.
HSBC acted as Green Loan Coordinator for the financing, which included National Bank of Canada and The Toronto-Dominion Bank. The facilities are compliant with the Global Loan Market Association’s Green Loan Principles, a set of market standards and guidelines that facilitate and support environmentally sustainable economic activity.
PRT is one of the first privately-backed companies to join HSBC Canada’s green loan program, building on the Company’s commitment to environmental stewardship and role as an essential link in the forest sustainability supply chain.
Globally, HSBC’s green loans support businesses seeking to transition to a more climate-friendly, low-carbon future by encouraging investments in projects that provide clear environmental benefits and contribute to sustainable growth.
