EverGen Infrastructure Corp. Updates on $13M Debt Refinancing and $2M Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Debt Restructuring Progress: EverGen has signed a $13 million Credit Agreement with Farm Credit Canada through its wholly owned subsidiary FVB, which is expected to improve the company's financial structure and support future operational growth.
- Private Placement Plans: The company plans to issue up to 3,333,334 common shares in a second non-brokered private placement, expected to raise $2 million primarily for debt repayment and working capital, thereby enhancing financial flexibility.
- Successful First Tranche: EverGen completed its first tranche financing in May 2025, issuing 8,333,333 common shares for gross proceeds of $5 million, providing funding support for the company's reorganization transaction and demonstrating market confidence in its strategy.
- Positive Future Outlook: With the advancement of debt restructuring and private placement, EverGen is expected to lay a solid foundation for 2026, enhancing its competitive position in the renewable energy sector.
Analyst Views on EVGN
About EVGN
Evogene Ltd is an Israel-based company, engaged in leveraging computational biology to design products for life-science-based industries including human health, agriculture, and industrial applications. Leveraging Big Data and Artificial Intelligence while incorporating a deep understanding of biology, Evogene established its technology, the Computational Predictive Biology (CPB) platform, to computationally design microbes, small molecules and genes as the core components for life-science products. Evogene holds a number of subsidiaries utilizing the CPB platform, for the development of human microbiome-based therapeutics, medical cannabis, ag-biologicals, ag-chemicals, seed traits and ag-solutions for castor oil production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
