H2O Innovation gets first blue loan, ups credit facility to C$65 million

By Mary-Katherine Stinson

Lexington, Ky., Dec. 6 – H2O Innovation Inc. obtained its first blue loan with structuring by the National Bank of Canada and upped its revolving credit facility by C$10 million, according to a press release.

The corporation’s credit facility now stands at C$65 million with the increase.

The loan will be used to continue the growth of the company’s water and wastewater technologies and services and to achieve its sustainability objectives, including reducing global water stresses and carbon emissions throughout the company’s value chain.

The inaugural blue loan was inspired by the guidelines for blue finance developed by the International Finance Corp. in January 2022, developed to address blue finance as an emerging area in climate finance where funds are earmarked for investment in ocean-friendly projects and critical clean water resource protection.

H2O Innovation is a Quebec-based complete water solutions company.

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