BANK COMMITMENT SEALS FINANCING PACKAGE FOR MCINNIS CEMENT MILL

McInnis Cement Port-Daniel-Gascons operation

The National Bank of Canada has confirmed availability of a $360 million loan for an export-driven, 2 million-plus ton per year cement plant and marine terminal in Quebec’s eastern reaches. The late-July announcement caps financing for the McInnis Cement Port-Daniel-Gascons operation, led by a $500 million commitment from private and public investors, and $250 million commercial loan from province agency Investissement Québec.

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