Capital Corp Merchant Banking President and CEO, Gilles Herard, Jr. Engineers $9.2 million funding deal for Parboiling Rice Plan in Suriname.
Mr. Gilles Herard, Jr. President and CEO of Capital Corp Merchant Banking, personally engineered the funding structure for Caniin Suriname NV’s $9.2 million parboiled rice plant, which consists of buildling a state-of-the-art parboiling plant in the district of Nickerie, Suriname. The funding agreement Mr Herard designed is based on debenture and common stock. Mr Herard is a seasoned merchant banker and ahs been in the banking industry for 38 years. His company, Capital Corp Merchant Banking, offers quality Merchant Banking services for a variety of projects worldwide.
Orlando, FL (PRWEB) December 25, 2010 -- As stated in a previous press release by
Capital Corp Merchant Banking on
December 10, 2010, Capital Corp Merchant Banking has entered into a $9.2 million funding agreement with Caniin Suriname NV. The funding agreement was engineered by Capital Corp’s President and CEO, Mr Gilles Herard, Jr.
The funding agreement Mr Herard designed on based on debenture and common stock. The funding for the project is to be disbursed as follows: $400,000 to be acquired upon closing of the transaction in the form of common stock, and $8.8 million in debenture, to be repaid monthly over the course of 120 months at an annual fixed interest rate of 6.5%.
Funding will be used specifically to build the rice plant, which will be fully automated, and the investment includes infrastructural land works, buildings, machinery, transport equipment, spare parts, and pre-production costs. The supplier and construction supervision of the production facilities will be in the hands of
Super Brix, an experienced Columbian Rice processing equipment manufacturer. Caniin Suriname NV plans to export its rice to the Caricom countries (Trinidad and Tobago, Jamaica, Barbados, St. Vincent, Grenada, Guyana) and also non-traditional markets, namely Haiti and Brazil.
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.
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Mr. Gilles Herard, Jr. President and CEO of Capital Corp Merchant Banking, personally engineered the funding structure for Caniin Suriname NV’s $9.2 million parboiled rice plant, which consists of buildling a state-of-the-art parboiling plant in the district of Nickerie, Suriname. The funding agreement Mr Herard designed is based on debenture and common stock. Mr Herard is a seasoned merchant banker and ahs been in the banking industry for 38 years. His company, Capital Corp Merchant Banking, offers quality Merchant Banking services for a variety of projects worldwide.
