Travelers Capital Corporation Arranges $7.7 Million Project Financing for Rooftop Solar Project in Ontario With Ameresco Canada

VANCOUVER, Nov. 17, 2011 /CNW/ - Travelers Capital Corporation is pleased to announce that it has successfully concluded a $7.7 million senior secured credit facility for the construction and operation for two Ontario-based rooftop solar projects. The power from the projects will be sold to the Ontario Power Authority under a 20-year Feed-In Tariff contracts. Travelers Capital structured and arranged the senior secured project financing, consisting of a construction loan followed by a 15-year term loan.

"We are delighted to have been selected by Ameresco to arrange the financing for this unique transaction, which represents Ameresco's first solar PV investment in Canada, and support their renewable energy initiatives in Ontario and Canada", said Mark Bohn, Managing Partner of Travelers Capital Corporation. "Working with our lending partners we were able to deliver a competitive long term financing solution to meet Ameresco's requirements."

Chief Operating OfficerAmeresco Canada, Anthony Da Silva, added "We are pleased to be able to work with Travelers Capital Corporation to secure a construction and non-recourse permanent financing agreement for our projects as it continues to substantiate our ability to build, own and fund projects not only within Ontario but across Canada. Being able to reach such an agreement helps ensure that projects are brought to fruition and that we can continue to work in partnership with our clients to create a greener, cleaner Canada. Through working with our clients, we've come to understand that financial limitations can often impede our clients from achieving their long-term green objectives. Our ability to work with our client to source financing solutions ensures that these objectives become reality".

About Travelers Capital Corporation

Travelers Capital Corporation is a unit of Travelers Financial Corporation which is one of Canada's largest independent finance and leasing companies in Canada. Travelers Capital Corporation offers structured debt and project finance solutions to developers in the renewable energy sector with a focus on middle market transactions up to $100 million in size. For more information about Travelers Capital visit www.travelerscapital.com.

About Ameresco Canada

Ameresco Canada Inc. is a full service energy management company that provides sustainable solutions and facility renewal services to new and existing facilities, as well as asset planning and energy and capital solutions to customers in the education, public housing, federal and provincial governments, municipalities, healthcare, industrial and commercial sectors. Ameresco Canada strives to present their clients with state-of-the-art renewable and sustainable solutions that reduce greenhouse gas emissions, conserve resources and reduce dependence on costly, non-renewable solutions by utilizing green design and construction as well as clean technologies such as solar, wind, geothermal, landfill gas, biomass, biogas and hydroelectric. For further information, visit www.ameresco.ca.

SOURCE Travelers

For further information:

Mark Bohn -Managing Partner, Travelers Capital Corporation
Phone:+ 1.604.637.7989 or email: mbohn@travelerscapital.com
Or
Craig Piercey - VP, Marketing and Business Development Services, Ameresco Canada
Phone: +1.888.483.7267 or email: cpiercey@ameresco.com

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