The proceeds of the loans under the credit facilities will be used to support and fund the on-going growth of G3’s network in Western Canada, including the development of new primary elevators by G3 Canada Limited and the construction and operation of G3 Terminal Vancouver’s grain export terminal in North Vancouver, British Columbia, previously announced by G3 Terminal Vancouver in 2016.
|Don Chapman, the G3 Canada Limited’s chief executive officer|
Sumitomo Mitsui Banking Corporation (SMBC), HSBC Bank Canada and Natixis, New York Branch, acted as joint lead arrangers, and SMBC will act as the sole administrative agent for each credit facility.
G3 Canada Limited is a Canadian grain origination and trading company. G3 Canada Limited is working to establish an efficient coast-to-coast Canadian grain enterprise designed to provide a unique competitive alternative to farmers and superior service to customers and stakeholders. G3 Canada Limited's assets include primary grain elevators and port terminals stretching from Leader, Saskatchewan to Québec City, Québec, a Great Lakes grain transport vessel, and a private fleet of grain hopper cars in Canada. The vertical integration of these assets along the agricultural commodity chain forms the basis of a path from farmers’ fields to global markets. G3 Canada Limited is a Canadian company and is headquartered in Winnipeg, Manitoba.