An established microcap company has secured debt financing to build a Solar Panel Manufacturing plant in Alabama. We currently have multiple letters of interest for the solar panels from solar farms around the world. We need an investor to place 12 million in an interest carry account (your bank) to secure the 60 million line of credit. Your loan will be paid back in 12 months on a quarterly basis with negotiated interest from the 60 million. The loan repayment will be clearly shown in the sources and uses document and will be full recourse to the company.
The investor will also receive 10% ownership of the facility. The projected NPV of the facility at the end of year 5 will be over 500 million dollars. This is an IRR of over 60% assuming all numbers are correct.
The facility will be a exact copy of a successful facility that is currently manufacturing solar panels overseas. The facility can be up and running within 6 months of funding.
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