Braya Renewable Fuels lands $75M loan and agrees offtake agreement with Macquarie

In Canada, Braya Renewable Fuels announced the closing of two significant transactions that support the conversion of Braya’s refinery operations and together fund the working capital needs of the company.

A supply and offtake agreement was executed with Macquarie Energy Canada Ltd., a subsidiary of Macquarie Group’s Commodities and Global Markets group, to provide inventory monetization for renewable feedstocks and products. Simultaneously, Braya executed a $75 million senior secured term loan with HPS Investment Partners, LLC, which will be used to further Braya’s renewable diesel conversion project.