On January 21, 2026, Enova Power Corp. announced that it had closed its inaugural private placement of C$250 million aggregate principal amount of 3.596% senior unsecured debentures, Series 2026-1 due January 21, 2031.

The debentures were offered in each of the provinces of Canada on a private placement basis by BMO Nesbitt Burns Inc. as sole bookrunner and sole lead arranger

Enova is trusted energy provider, dedicated to delivering safe and reliable energy solutions that power more than 165,000 residential and business customers in the City of Kitchener, City of Waterloo, Township of Woolwich, Township of Wilmot, and Township of Wellesley.

Gowling WLG advised Enova in this transaction with a team that included John Durdan, Bryce Kraeker and Lee Sykes.