EMAIL DETAILS
SUBJECT:
IBERDROLA - TRANSCAPITAL - CAPITAL ONE
PRI: NORMAL
FROM:
J
jcasey@meridiancompaniesllc.com
DATE:
2011-07-22 15:09:35
MSG_ID:
<43A5EBA17C6A6E41B58E2AEC1A1EE321017D31E6@meridian-bosex1.meridianinvestments.com>
RECIPIENTS:
TO:
A
Arlene Busch
<abusch@rosemontseneca.com>
D
darcher@rosemontcapital.com
H
hbiden@rosemontseneca.com
CC:
J
John Boc
<jboc@meridiancompaniesllc.com>
J
Jerry McDermott
<jmcdermott@meridianinvestments.com>
R
Roman Brilman
<rbrilman@meridianinvestments.com>
CONTENT:
TEXT: YES |
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PROCESSED
Hunter, Devon & Arlene: Jerry McDermott would like to have a dial in conference call Monday July 25, 2011 at 11:00 AM. We are ready to finalize and close with our client Capital One. We want to make sure Rosemont Seneca understands the transaction and is committed to fund the cash equity portion and has been compensated in the transaction. Here is a quick deal synopsis: $100 Million Iberdrola Solar transaction "Project Sun" Copper Crossing, Arizona. Transcapital is purchasing a 49% interest from Iberdrola for $ 52.2 Million Rosemount Seneca is to provide $ 22 million in cash equity portion with a 8.65% return Capital One will provide $ 28 million of tax credit equity at an 11% yield (flip structure) Meridian Investments will be paid 1.5% on the tax credit equity at closing for structuring and placement equaling $ 420,000 We want to make sure you understand the steps necessary to close and the tax opinion that will be required by Capital One to close. Please reply all to make sure you will be available for the call and we will schedule it. Should you wish to call Jerry directly he is at 301-983-5000 till 3:00 PM today. Thanks, Jack <http://www.meridianinvestments.com/> $15 Billion in Tax Credit Equity Since 1981 Jack Casey Vice Chairman Meridian Investments, Inc 10220 River Rd, Ste 115 Potomac, MD 20854 <http://maps.yahoo.com/py/maps.py?Pyt=Tmap&addr=10220+River+Rd%2C+Ste+11 5&csz=Potomac%2C+MD++20854&country=us> JCasey@MeridianInvestments.com <mailto:JCasey@MeridianInvestments.com> tel: fax: 301-983-5000 301-983-9012 Want to always have my latest info? <https://www.plaxo.com/add_me?u=12884949706&src=client_sig_212_1_banner_ join&invite=1&lang=en> Want a signature like this? <http://www.plaxo.com/signature?src=client_sig_212_1_banner_sig&lang=en>
METADATA:
THREAD:
TOPIC:
IBERDROLA - TRANSCAPITAL - CAPITAL ONE
INDEX:
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