Bright Green Corporation has entered into a credit agreement with a lender for a $60 million senior debt financing to fund the expansion construction project. The Credit Agreement has a term of 10 years with a fixed interest rate and will have a $5 million tranched draw schedule with up to 12 draw requests over the 10 year term. The remainder of the funds are expected to be sourced from the Company?s EB-5 investment visa opportunity, currently being marketed by Asia Capital Pioneers Group.
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- Bright Green Corporation Enters into a Credit Agreement