Greenbriar Announces Commencement of the Loan Closing Process for the USD $40 Million Sage Ranch Construction Facility

Rhea-AI Summary

Greenbriar (OTC Pink: GEBRF) has commenced the closing process for a USD $40 million senior secured construction loan for the Sage Ranch project, to be provided by a private fund vehicle managed by Voya Investment Management.

The company said it is working with US legal counsel and advisors to meet the conditions of the credit facility. The closing process was instigated by a revision of the Water Supply Assessment to address California law requirements on water resource availability.

Positive

• Commenced closing of a USD $40 million senior secured construction loan
• Loan provided by a private fund vehicle managed by Voya Investment Management
• Action advances funding for the Sage Ranch construction project

Negative

• Loan closing contingent on meeting credit facility conditions
• Transaction required revision of the Water Supply Assessment to satisfy California law

Scottsdale, Arizona--(Newsfile Corp. - December 2, 2025) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that it has commenced the closing process for the USD $40 million Sage Ranch senior secured construction loan, to be provided by a private fund vehicle managed by Voya Investment Management. The company is working with its US legal counsel and advisors to meet the conditions of the credit facility. This action has been instigated by the revising of the Water Supply Assessment to provide comfort for the water resource availability to satisfy California law.

About Greenbriar Sustainable Living Inc.

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jeff Ciachurski"

Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the closing of the Private Placement, the issuance of Common Shares and Warrants, and the approval of the Private Placement by the TSX Venture Exchange. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276646

FAQ

What loan did Greenbriar (GEBRF) commence closing on December 2, 2025?

Greenbriar commenced closing of a USD $40 million senior secured construction loan for Sage Ranch.

Who is providing the Sage Ranch construction loan to Greenbriar (GEBRF)?

The loan is to be provided by a private fund vehicle managed by Voya Investment Management.

Why did Greenbriar (GEBRF) revise the Water Supply Assessment for Sage Ranch?

The Water Supply Assessment was revised to provide comfort on water resource availability and satisfy California law.

What must Greenbriar (GEBRF) complete before the loan closing?

The company is working with US legal counsel and advisors to meet the conditions of the credit facility.

Will the USD $40 million loan fund Sage Ranch construction immediately?

The company has commenced the closing process, but funding is subject to meeting the loan conditions.