Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - Synex International Inc. (TSX: SXI) ("Synex"), a Vancouver-based developer, owner and operator of renewable power projects, is pleased to announce the concurrent closing of two financing transactions to (1) refinance the Barr Creek hydro project (80% indirectly owned by Synex and 20% indirectly owned by Ehattesaht First Nation) with long-term, fixed-rate, non-recourse project financing, and (2) refinance certain other credit facilities from Canadian Western Bank, including in respect of its wholly owned subsidiary, Kyuquot Power Ltd., which owns and operates a regulated electrical distribution utility on the west coast of Vancouver Island. Selkirk Advisory Group Inc. acted as exclusive financial advisor to Synex for purposes of both financing transactions. Barr Creek is a 4.4 MW run-of-river hydro project which commenced operations on February 2, 2012. It is located on Vancouver Island near the village of Zeballos and sells all electricity generated to British Columbia Hydro and Power Authority pursuant to a fixed-price Electricity Purchase Agreement. The Barr Creek refinancing loan amount was approximately $7.5 million. The loan carries an interest rate of 4.259% and matures on June 30, 2045. Principal and interest payments on the loan will be made semi-annually, in June and December of each calendar year.