The Facility is secured by a second lien on the assets of the Company that are not otherwise pledged under project financings, will be secured by a first lien in the Company's sponsor equity
interest in its next tax equity fund and will be senior to the Company's subordinated convertible and non-convertible notes in each asset class.
The first of two phases of the project is expected to cost around US$ 3 billion, said Orascom, adding that the funding will be readied through a mixture of debt and sponsor equity
Funding will be made up of a mixture of debt and sponsor equity
Advalurem Group (AG), a real estate investment management firm focused on middle-market real estate, provided sponsor equity
to assist its operating partner, Block RealEstate Services (BRES) in the acquisition of Ranch at Pinnacle Point, a Class A, 392-unit apartment community located in Rogers, Arkansas.
Total investment for the plant is estimated at USD 188 million-with Google providing tax equity, Prudential Capital Group providing debt financing, and Scatec Solar providing sponsor equity
Moody's said delinquent loans and real estate--owned (REO) properties will see the most effect from Sandy, by increasing their already expected losses, while newly originated or seasoned loans supported by significant sponsor equity
will suffer less.
However, the less fortunate, struggling under mountains of buyout debt, were forced to seek additional sponsor equity
injections and pay substantial fees in return for covenant waivers and margin resets.
For successful project-finance structures, many companies must rely on a melange approach -- that is, a blend of sponsor equity
, local borrowing, MFI participation, Export Credit Agency (ECA) involvement, vendor financing, international debt/equity financing, derivative products to hedge exposures and so on.
OneRoof Energy") (TSXV: ON) today announced that it has closed the previously announced purchase of 100% of Black Coral Capital LLC's ("Black Coral") sponsor equity
interest in OneRoof Energy's first tax equity fund.
The equity capital markets platform will allow Meridian's clients access to a broad array of equity-focused transactions, including re-capitalizations, joint venture equity, sponsor equity
, passive promotable equity, acquisition capital, pari passu equity, entity level equity, and preferred equity, as well as highly structured equity to accommodate the most complex situations.
The policy changes announced in Mortgagee Letter 2010-21 will affect all multifamily rental programs and include the following: revised underwriting standards to raise debt-service coverage ratios; lower loan-to-value (LTV) and loan-to-cost (LTC) ratios; increased project reserves and sponsor equity
investment; and limited sponsor cash-out.
Those investors that are affected will sponsor equity