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Polaris Renewable Energy closed a $13.5 million credit facility and announced leadership changes on October 14, 2025.
Polaris Renewable Energy Inc. (TSX:PIF) closed a US$13.5 million credit facility on October 14, 2025, with CIBC and Export Development Canada, comprising a US$3.5 million working capital line and a US$10 million letter of credit facility, to support its renewable energy projects in Latin America and the Caribbean.
The company also announced leadership changes: Anton Jelic is transitioning to Chief Administrative Officer, while Alba Seisdedos Ballesteros becomes the new CFO.
CEO Marc Murnaghan cited the facility and executive updates as signs of growth and strengthened institutional backing.
Polaris will host its Q3 2025 earnings call on October 30 at 10:00 a.m. EST, with live webcast and replay options through November 13.
Polaris Renewable Energy cerró una facilidad de crédito de $ 13.5 millones y anunció cambios de liderazgo el 14 de octubre de 2025.