Parity Inc.

Parity Inc. in its closing of a US$4 million loan facility from NY Green Bank

Client

Parity Inc.

Value

$4 million

Service

Financial Services

Date Closed

September 2023

Industry

Technology

Lead Office

Toronto

 

On September 12, 2023, Parity Inc, announced its securing of a US$4 million loan facility from NY Green Bank. Parity Inc. plans on using this financing towards their HVAC optimization solutions for energy efficiency in New York. It is noted that this NY Green Bank’s first transaction based on software as a service solution for energy efficiency building upgrades.

Parity Inc. is a HVAC optimization company that utilizes their software for energy saving solutions.

Osler, Hoskin & Harcourt LLP advised Parity Inc. with a team consisting of Hugo-Pierre Gagnon (Corporate), Mikulas Arendas, Samuel Alary and Jean-Christophe Leduc (Financial Services).