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Power Sustainable Closes CAD$110m Term Loan Investment in telMAX
Power Sustainable Closes CAD$110m Term Loan Investment in telMAX Canada NewsWire ...
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[{"type":"text","content":"\n\n\n\n Power Sustainable Closes CAD$110m Term Loan Investment in telMAX\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n telMAX aims to be the most customer-centric and community-focused internet service provider in\n \n Canada\n \n .\n \n\n\n\n\n\n TORONTO\n \n ,\n \n MONTREAL\n \n and\n \n MIAMI\n \n\n ,\n \n\n May 9, 2025\n \n\n /CNW/ - Power Sustainable Infrastructure Credit (\"PSIC\") recently closed on a CAD\n \n $110M\n \n senior secured financing for telMAX (the \"Company\"), a 100% fibre optic internet, phone and TV provider, based in\n \n Ontario, Canada\n \n . The credit facility will support the expansion of telMAX's multi-gigabit broadband network throughout the\n \n Greater Toronto Area\n \n (\"GTA\").\n \n\n telMAX has a demonstrated track record of executing on its fibre build plan via a rigorous and disciplined approach to market selection and construction. The Company is focused on building community partnerships and providing residents across the GTA with the best internet experience possible. The investment will fund telMAX's near-term expansion and establish the Company as a leading high speed broadband provider in the GTA.\n \n\n\n Ben Shenwick\n \n , Principal at PSIC, said, \"We are excited to partner with telMAX and their exceptional management team as they embark on this next chapter of growth and continue to establish themselves as an industry leader within the Canadian market. We firmly believe fibre is the most energy efficient way of delivering internet, and we look forward to supporting telMAX as they execute on their first-to-market fibre optic build plan with an emphasis on community engagement.\"\n \n\n Launched in 2023, PSIC is a\n \n CAD 1.0B\n \n\n 1\n \n platfo...