Capital Corp Merchant Banking President and CEO, Gilles Herard, Jr. Engineers $15.4 M Funding Deal for Safari Lodge in Zambia
Mr Gilles Herard, Jr, (http://www.gillesherardjr.com) President and CEO of Capital Corp Merchant Banking, personally engineered the funding structure for Playland Limited’s $15.4 million tourism project, which consists of creating the Cresta Mukuni Safari Lodge Victoria Falls. The funding agreement Mr Herard designed is based on debenture and common stock. Mr Herard is a seasoned merchant banker and has 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 23, 2010
As stated in a previous press release by Capital Corp Merchant Banking on November 14th, 2010 (http://www.prweb.com/releases/2010/11/prweb4782514.htm), Capital Corp Merchant Banking has entered into a $15.4 million funding agreement with Playland Limited. The funding agreement was engineered by Capital Corp’s President and CEO, Mr Gilles Herard, Jr.
The funding agreement Mr Herard designed is based on debenture and common stock. Funding for the project is to be disbursed as follows: $750,000 in equity funding upon closing, and $14,650,000 in progressive disbursement, subject to prior funding and disbursement of any and all the proposed equity investment in the project. The debenture is to be reimbursed within a maximum of 15 years once construction has been completed, on a monthly basis, and at an annual fixed rate of 5%.
Funding will be used specifically to develop the 4-star Cresta Mukuni Safari Lodge, which will consist of 160 rooms, with amenities and conveniences that will cater for groups from Europe and America. The facilities will also be able to be used for local and regional markets in the European off-season. Apart from the hotel, the project will offer other timeshare facilities that will cater to both local and foreign clientele. Cresta Mukuni Lodge will be twinned with the famous Cresta Mowana Safari Lodge, situated in the Botswana National Park, which has itself won major international awards.
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 (http://www.gillesherardjr.com/document-library.html).
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website (http://www.capitalcorpmerchantbanking.com).
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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2010/12/prweb4919124.htm