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A Schedule I Bank completes C$30,000,000 financing for, among others, Kontrol Technologies Corp.

Fasken
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Overview

Client

A Schedule I Bank

On August 30, 2022, Kontrol Technologies Corp., ("Kontrol"), a Canadian leader in smart buildings and cities through Internet of Things (IoT), cloud and software as a service (SaaS) technology, secured C$30,000,000 in financing provided by a Schedule I Bank (the "Lender").

The financing will, among other things, support Kontrol's working capital and general corporate purposes.

Fasken advised the Lender with a team comprised of Dev Singh, Daniel Conrad and Nathan Gates.

Jurisdiction

  • Ontario

Team

  • Dev Singh, Partner | Co-Leader, Banking & Finance Group, Toronto, ON, +1 416 865 4452, dsingh@fasken.com
  • Daniel Conrad, Partner, Toronto, ON, +1 416 868 3351, dconrad@fasken.com
  • Nathan L. Gates, Partner, Toronto, ON, +1 416 865 5470, ngates@fasken.com