Meridian obtains $125 million in financing from CDPQ

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Caisse de dépôt et placement du Québec (CDPQ) announced today the closing of $125 million in financing to Meridian, the largest credit union in Ontario and the third largest in Canada. This investment, which takes the form of subordinated private debt, provides Meridian with additional capital to continue its growth and to diversify its products and services. Meridian offers a range of personal and commercial loans, mortgages, wealth management, credit cards and insurance services through a network of 92 branches across Ontario and 14 business banking centres. false false false Meridian was advised by CIBC Capital Markets. false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2019, it held CA$340.1 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT MERIDIAN With more than 75 years of banking history, Meridian is Ontario’s largest credit union and the third largest in Canada, helping to grow the lives of more than 360,000 Members. Meridian has $23.9 billion in assets (as at December 31, 2019) and delivers a full range of financial services online, by phone, by mobile and through a network of 92 branches across Ontario, and business banking services in 14 locations. Meridian Members also have access to THE EXCHANGE® Network, with 3,700 no-fee ABMs across Canada and 500,000 ABMs in the United States. For more information, please visit: www.meridiancu.ca, follow us on Twitter @MeridianCU or see our Facebook site.