Town of Grimsby Special Council Agenda Packet 2026-06-02
Niagara Power Secures New TD Loan for Plant
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Description
Niagara Power Incorporated secured a new $1.49 million TD term loan at 4.13% interest with $9,188 blended monthly payments to finance an assumed plant, maturing September 2029.
Contract Details
Contract Amount
$1,487,820; blended monthly instalments of $9,188 at 4.13%
Vendor
TD
Agency
Town of Grimsby, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Term loan due September 2029
Renewal Date
2029-09-30
Renewal Info
New long-term facility maturing September 2029; renewal terms are not specified.
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