Anaergia announced it entered into a credit agreement with National Bank of Canada for a revolving credit facility with a maximum principal amount of C$20 million, with an option to increase the facility by up to an additional C$10 million subject to certain conditions and the bank’s discretion.
The company said the facility is intended to strengthen its balance sheet, improve liquidity, and provide additional financial flexibility to support execution of its contracted project backlog. Proceeds from the facility will be used for general corporate purposes.
The revolving credit facility has a three-year maturity and includes bullet repayment at maturity with the ability to prepay at any time without penalty. Interest rates under the facility are tied to Anaergia’s debt-to-EBITDA ratio and subject to customary conditions precedent.
Anaergia said the total principal amount outstanding under the facility cannot exceed the company’s borrowing base at any time. The credit facility is senior secured and includes customary fees, financial covenants, representations, and warranties.
National Bank of Canada had approximately C$606 billion in assets as of January 31, 2026, and operates across personal and commercial banking, wealth management, capital markets, and international finance segments.
Anaergia develops renewable natural gas and organic waste-to-value technologies, providing integrated solutions that convert organic waste into renewable energy, fertilizer, and water. The company said it supports customers in reducing greenhouse gas emissions while improving waste and wastewater infrastructure economics.
KEY QUOTES:
“This agreement with National Bank of Canada reflects growing institutional confidence in Anaergia’s business model, project execution capabilities, and financial discipline. The facility meaningfully strengthens our balance sheet flexibility as we deliver complex infrastructure projects for customers across multiple geographies.”
Assaf Onn, CEO, Anaergia
