FUTURE FUELS SECURES FINANCIAL BACKING FOR GRIMSBY ETHANOL PLANT
Tuesday June 05 2012
Volume: 10 Issue: 19
Investment company Future Capital Partners (FCP) has secured both senior debt and government underwriting for Future Fuels' proposed ethanol plant in Grimsby, UK. The Belgian Export Credit Agency, the Office National De Ducroire (ONDD), has underwritten the senior debt for its GBP210 mln ($1=GBP0.642) fuel ethanol project. In addition FCP has also confirmed that a major senior lender will be supporting the debt both by participating and being the mandated lead arranger in raising the remaining senior debt.
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