EastBank Capital Issues Term Sheet for Monetization Financing
EastBank Capital issues Term Sheet for Monetization Financing to be used for the construction of a renewable energy processing plant.
New York City (I-Newswire) September 28, 2013 - EB Capital, LLC ("EastBank Capital"), a leading corporate financier that specializes in Monetization Financing, announces that it has issued a Term Sheet for Monetization Financing that will be used for the development and construction of a planned renewable energy processing plant.
It is proposed that the processing plant will produce jet fuel, kerosene, propane, gasoline and carbon black. To that end, it is expected that the technology could process used motor oil, cooking oil and algae to produce transportation fuels. Further, the business plan calls for a 120 ton per day plant to be constructed.
There is a need for every community to have viable energy resources for economic development and growth. Through research found, these communities are eager to find a viable development project that can provide employment and revenues to their city.
EastBank Capital is able to offer the Monetization Financing program through a well-established network (Institutional and Hedge Funds), of fostered business relationships over the past several years. The client will benefit from the ability to utilize the funds for whatever business purpose they choose (operations, construction, development, etc.) without any restrictive covenants. This is due to the overwhelming reliance on the promise to pay in the irrevocable Financial Guarantee, which will be exchanged for the Monetization Financing.
See more at: http://www.eastbankcapital.com
This announcement contains statements that are, or may be, forward-looking statements. All statements other than statements of historical facts included in this announcement may be forward-looking statements. Forward-looking statements often use words such as "target", "plan", "believe", "expect", "aim", "intend", "will", "should", "could", "would", "may", "consider", "anticipate", "estimate", "synergy", "cost saving", "project", "goal" or "strategy" or words or terms of similar substance or the negative of such words. Forward-looking statements include statements relating to the following: (i) the expected timetable for implementing the transaction, future capital expenditures, expenses, revenues, earnings, synergies, economic performance, financial condition, losses and future prospects of EastBank Capital and (ii) business and management strategies and the expansion and growth of EastBank Capital's operations and potential synergies resulting from the transactions contemplated.
These forward-looking statements are not guarantees of future performance. They have not been reviewed by auditors. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements, including, among other things, the enactment of legislation or regulation that may impose costs or restrict activities; the re-negotiation of contracts or licenses; fluctuations in demand and pricing; fluctuations of exchange controls, changes in government policy and taxation; industrial disputes; war and terrorism. All forward-looking statements included in this announcement are based on information available to EastBank Capital on the date of this announcement and are made only as of the date of this announcement. Undue reliance should not be placed on such forward-looking statements. EastBank Capital does not intend, or undertake any obligation, to update any forward-looking statements contained in this announcement.
About EB Capital, LLC
EB Capital, LLC
230 Park Avenue, 10th Floor
New York, NY 10169
Phone : 6463502967
Published On:September 28, 2013
Print Release:Print Release
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