Capital Corp Merchant Banking President and CEO, Gilles Herard, Jr. Engineers $156 Million Funding Deal for Energy-From-Waste Facility in Tennessee, US

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Capital Corp Merchant Banking has entered into a $156 million funding agreement with a Waste-To-Energy company based out of the US state of Tennessee. The funding agreement was engineered by Capital Corp’s President and CEO, Mr Gilles Herard, Jr.

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Capital Corp Merchant Banking

A project on this scale will contribute to the positive WTE trend that is growing not only in the US but around the world, not to mention the jobs it will help create.

The funding agreement Mr Herard designed is based on debenture and common stock. The funding for the project is to be disbursed as follows: $2 million to be acquired upon closing of the transaction in the form of common stock, and $154 million in debenture, to be repaid monthly over the course of 300 months at an annual fixed interest rate of 4.5%.

The project site consists of 98 acres, which already contain 2 commercial buildings. These buildings are being upgraded and converted to confirm as the primary center of operations for the development of the waste-to-energy facility. The client has already obtained approval for the site grading, storm water management, and building renovations. What’s more, the project has received solid support from the perspective city, county, and TN state agencies, including a variety of tax abatement and incentive packages.

The waste-to-energy facility will serve to reduce the volume of fossil fuels consumed for energy by generating renewable fuels, which will include ethanol, synthetic diesel, and kerosene. Later on, the facility will be able to produce methane and hydrogen as well. The client has already contracted with surrounding municipalities to manage and dispose of their entire waste systems.

In a world of growing populations, rising standards of living, and increased urbanization, the volume of waste is escalating steadily. Enormous amounts of waste deposits are hauled to dumps and landfills, where they accumulate immeasurably and have thereby become not only the bane of municipalities, but a major environmental issue. This has in turn provided a significant market opportunity for sound waste-to-energy (WTE) plants, which utilize municipal solid waste (MSW) for the production of electricity, heat, and renewable energies. As a consequence, energy-from-waste is a strong potential contributor to energy security and diversification, and matches the growing demand for renewable energy in a carbon-constrained world, not to mention that they advance national security by reducing reliance on foreign energy.

According to the Energy Recovery Council, as of 2010, America’s solid waste industry operated 86 waste-to-energy facilities in 24 states with the capacity to process more than 97,000 tons of municipal solid waste per day. But more is needed, and a project on this scale will contribute to the positive WTE trend that is growing not only in the US but around the world, not to mention the jobs it will help create.

The method by which this project is to be funded is the brainchild of Mr Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. He worked early in his career at the Toronto Dominion Bank (Canada) and later on joined Manufacturer Hanover (MH) of New York as Senior Credit Analyst. He eventually created his own Firm, Capital Corp Merchant Banking, where he syndicates and structures funding for top companies worldwide, all the while investing his own firm’s funds into the projects. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Register’s Who’s Who, and having received the Senatorial Medal of Freedom, among many others .

About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website .


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