Atlas Corp. announced the closing of its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy Ltd., a global leader in fast-track mobile power solutions. The financing program consists of pari passu senior secured loan facilities, including a $50 million revolving credit facility (the "RCF"), $135 million term loan facility and a $100 million fixed rate institutional private placement tranche from funds managed by the Global Infrastructure Debt team at BlackRock. Citibank N.A ("Citi") acted as sole structuring agent.

Ryan Courson, CFO of Atlas, commented "A core piece of Atlas' strategy is establishing an optimal capital structure at each of its business segments. APR's Financing Program combines elements of project finance with typical corporate debt. This provides APR the flexibility to continue advancing its position as an industry leader in the delivery of mobile turnkey power plants, while progressing its portfolio diversification strategy into longer-term and larger scale projects."

The bank syndicate for the RCF and TLA is led by Citi; Export Development Canada; Bank of Montreal; and Toronto-Dominion Bank; and also includes Canadian Western Bank; HSBC Bank Canada; and Bank of America, N.A.