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Ballard Power Systems' Banks Talk Up ESG Debt as It Eyes Possible Merger & Acquisition (M&A) Deals
Monday, January 18, 2021Company Profile | Follow Company
Burnaby, BC, January 15, 2021--Ballard Power Systems Inc., a hydrogen cell producer in global expansion mode, is considering adding debt to its balance sheet for the first time in years for acquisitions given current cheap funding costs. "If we go into the market again to raise more capital, particularly for an M&A opportunity, absolutely the debt markets would be something we would prioritize," Chief Financial Officer Tony Guglielmin said in an interview. "Because we fit squarely in the green area, we could access that market and it's very attractive right now in terms of pricing."
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