EastBank Capital solidifies business relationship with qualified Asset Management firm to offer Financial Guarantees for Project Finance Loans.
Online PR News – 25-October-2012 – New York, NY – EastBank Capital announced today that it has fostered a business relationship with a qualified Asset Manager that has initially agreed, pending underwriting approval, to provide Financial Guarantees for Project Finance Loans. This exciting new development for EastBank Capital comes from months of building and fostering a strong business relationship with the Asset Management team.
EastBank Capital plans to fully underwrite and originate qualified Project Finance Loans to be able to present to the Asset Management firm for approval. Upon approval from the Asset Management firm for the Financial Guarantee, EastBank Capital will then be in a position to proceed to settlement of the Project Finance Loan to its qualified Borrowers.
“We are very excited about this new business relationship and provides a solid foundation for a long-term business model for EastBank to offer Project Finance Loans.” said Timothy Coffin, EVP Business Development
About EastBank Capital:
EastBank Capital is a leading international private firm offering Project Finance Loans to clients throughout the world with more than 60 years of combined experience.
The firm’s executives provide a full range of capital solutions to the world’s leading commercial and industrial enterprises, as well as to public and private companies.
EastBank Capital’s executives meet the needs of our clients by offering a highly integrated and collaborative range of expertise across key business sectors throughout our global network. EastBank Capital’s integrated practice is underpinned by our team members’ acknowledged technical expertise and a strong tradition of innovation and client service.
This announcement contains statements that are, or may be, forward-looking statements. All statements other than statements of historical facts included in this announcement may be forward-looking statements. Forward-looking statements often use words such as "target", "plan", "believe", "expect", "aim", "intend", "will", "should", "could", "would", "may", "consider", "anticipate", "estimate", "synergy", "cost saving", "project", "goal" or "strategy" or words or terms of similar substance or the negative of such words. Forward-looking statements include statements relating to the following: (i) the expected timetable for implementing the transaction, future capital expenditures, expenses, revenues, earnings, synergies, economic performance, financial condition, losses and future prospects of EastBank Capital and (ii) business and management strategies and the expansion and growth of EastBank Capital’s operations and potential synergies resulting from the transactions contemplated.
These forward-looking statements are not guarantees of future performance. They have not been reviewed by auditors. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements, including, among other things, the enactment of legislation or regulation that may impose costs or restrict activities; the re-negotiation of contracts or licenses; fluctuations in demand and pricing; fluctuations of exchange controls, changes in government policy and taxation; industrial disputes; war and terrorism. These forward-looking statements involve known and unknown risks and uncertainties which may cause them to differ from the actual results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of such persons and the environment in which each will operate in the future. Investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this announcement. All subsequent oral or written forward-looking statements attributable to EastBank Capital or any of their respective members, directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included in this announcement are based on information available to EastBank Capital on the date of this announcement and are made only as of the date of this announcement. Undue reliance should not be placed on such forward-looking statements. Subject to compliance with their legal and regulatory obligations, EastBank Capital does not intend, or undertake any obligation, to update any forward-looking statements contained in this announcement.