Short Term Bridge Loan of $91.5MM requested for Energy (oil) project
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  1. #1
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    Short Term Bridge Loan of $91.5MM requested for Energy (oil) project

    The client is seeking a 12 month, interest-only bridge loan of $91.5MM on two oil producing assets with an annual estimated EBITDA of $24MM. The assets will collateralize the bond. The clients have a $500MM bond commitment but it will not be issued until later in the year. The collateral will be held in separate, off-balance Special Purpose Vehicles, with 100% of the collateral in the SPV pledged to the lender. Full package available. No daisy chains, please.

    Tom Harrier
    Integrity Commercial Loans, LLC
    broker@tomharrier.net
    407-928-8542

  2. #2
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    Quote Originally Posted by MissouriBroker1 View Post
    The client is seeking a 12 month, interest-only bridge loan of $91.5MM on two oil producing assets with an annual estimated EBITDA of $24MM. The assets will collateralize the bond. The clients have a $500MM bond commitment but it will not be issued until later in the year. The collateral will be held in separate, off-balance Special Purpose Vehicles, with 100% of the collateral in the SPV pledged to the lender. Full package available. No daisy chains, please.

    Tom Harrier
    Integrity Commercial Loans, LLC
    broker@tomharrier.net
    407-928-8542
    What’s the bond commitment in the form of?

    And just to be clear; so I know we’re on the same page

    Your merchant is looking to pay interest only for 12 months, and once that term is over, they’re going to pay balance in full

    I’m definitely interested if our definition of interest only bridge loans is aligned
    Banker
    ENTERPRENEUR STARTUP LLC
    enterpreneurstartupstartupllc@gmail.com

  3. #3
    Quote Originally Posted by MissouriBroker1 View Post
    The client is seeking a 12 month, interest-only bridge loan of $91.5MM on two oil producing assets with an annual estimated EBITDA of $24MM. The assets will collateralize the bond. The clients have a $500MM bond commitment but it will not be issued until later in the year. The collateral will be held in separate, off-balance Special Purpose Vehicles, with 100% of the collateral in the SPV pledged to the lender. Full package available. No daisy chains, please.

    Tom Harrier
    Integrity Commercial Loans, LLC
    broker@tomharrier.net
    407-928-8542
    This may be worth a look. Get in touch.

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