Alterra will receive proceeds from the loan facility in three tranches.
Tranche A, C$67.3m on or before August 15, 2014. Tranche B, C$21.5m, at or after the closing of construction financing for the 62MW Jimmie Creek hydro project, subject to certain agreed conditions.
Tranche C, C$21.2m, at or after the closing of construction financing for the 204MW Shannon wind project, subject to certain agreed conditions.
Alterra,