Town of Grimsby Special Council Agenda Packet 2026-06-02
Niagara Power Utilizes $2.83M TD Credit Line
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Description
Niagara Power Incorporated continues to use its TD line of credit, with $2.83 million outstanding at a 4.45% prime-based rate as of December 31, 2025, to support working capital needs.
Contract Details
Contract Amount
$2,830,000 line of credit balance
Vendor
TD
Agency
Town of Grimsby, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Revolving line of credit, interest at prime (4.45% at December 31, 2025)
Renewal Info
Line of credit is ongoing under a general security agreement over corporate assets; specific renewal date not disclosed.
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