Vosker raises C$100 million in financing from four banks

By Mary-Katherine Stinson

Lexington, Ky., Dec. 16 – Vosker has raised C$100 million in debt financing from a syndicate of four banks, according to a company announcement.

HSBC Canada, Caisse de depot et placement du Quebec, Business Development Bank of Canada and Export Development Canada provided the financing.

The funds are a mix of quasi-equity, subordinated debt and revolving credit and will be used to accelerate growth through sales and marketing, new product development and investments in human capital.

The Victoriaville, Quebec-based company is a provider of solar-powered and cellular-enabled remote area monitoring technology.

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