EverGen Infrastructure Secures $13M CAD ($9.5M USD) Credit Facility with Farm Credit Canada

Why It Matters

The stronger capital structure and accelerating RNG output position EverGen to scale clean‑energy projects and attract further investment in the growing renewable natural gas market.

Key Takeaways

• Secured $9.6 M USD credit facility with Farm Credit Canada
• Paid down $8.9 M USD corporate debt, improving balance sheet
• RNG production rose 23% to 52,756 GJ, boosting revenue
• Adjusted EBITDA nearly doubled to $0.64 M USD, signaling operational leverage
• FVB signed 20‑year off‑take with FortisBC, securing long‑term RNG sales

Pulse Analysis

EverGen Infrastructure is emerging as a pivotal player in Canada’s renewable natural gas (RNG) ecosystem, a sector that is gaining traction as utilities and governments push for lower‑carbon fuel sources. The $9.6 million USD credit facility from Farm Credit Canada not only reduces financing costs but also aligns debt with asset‑backed RNG projects, a structure investors favor for its predictability. This financing comes at a time when the North American RNG market is projected to grow double‑digit percentages annually, driven by stricter emissions standards and increasing demand for renewable fuel credits.

Financially, EverGen’s Q1 performance signals a turnaround. Revenue climbed 38% to roughly $1.9 million USD, primarily from higher tipping fees and expanded RNG output at its Fraser Valley Biogas and GrowTEC sites. The company cut its net loss by 42% to $0.5 million USD and posted adjusted EBITDA of $0.64 million USD, nearly double the prior year, underscoring improved operational efficiency. Simultaneously, the reduction of $8.9 million USD in corporate debt and an 88% rise in cash balances enhance liquidity, giving the firm room to fund upcoming capital projects without diluting shareholders.

Looking ahead, EverGen’s strategic milestones—such as the regulatory green light for an anaerobic digester at the Pacific Coast Renewables RNG expansion and a 20‑year off‑take contract with FortisBC—provide a stable revenue runway and de‑risk future growth. These developments, combined with a robust balance sheet, position the company to capture a larger share of the North American RNG market, attract additional capital, and deliver long‑term shareholder value as the clean‑energy transition accelerates.

Deal Summary

EverGen Infrastructure Corp. closed a new $13.0 million (CAD) asset‑level credit facility and operating line of credit with Farm Credit Canada, providing roughly $9.5 million USD of financing. The facility strengthens EverGen’s balance sheet and supports its renewable natural gas projects across Canada. The deal was announced in the company’s Q1 2026 results release.