Posts Tagged ‘capital’

With most financing in hand, Capitol & West developers looking for a 2014 opening

by Published: October 4,2013

Tags: Business, capital, Downtown Jackson, Mississippi

» Transformation of the circa 1934 federal courthouse at  245 E. Capitol St. will rely heavily on federal and state historic tax credits By Ted Carter Financing of the slightly more than $20-million conversion of the James O. Eastland Federal Courthouse in downtown Jackson to mixed-use residential will be completed as soon as the bank […] [...]

Bank raises $20M through private stock placement

HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at […] [...]

Hospital unveils plan for new hospice facility; fundraiser underway

HATTIESBURG — Forrest General Hospital plans to open a 12-patient hospice facility for the terminally ill by mid-2015. The Hattiesburg American reports the Hospice House of South Mississippi will be built on five acres of donated land. Officials with the Forrest General Healthcare Foundation announced a capital campaign to raise $5 million to build the […] [...]

Hancock Fabrics amends, restates credit agreement

by Published: November 26,2012

Tags: capital, credit, finance, loan, publicly traded company, retail, retailer, retailing

BALDWYN — Hancock Fabrics Inc. has entered into an amended and restated loan and security agreement. The new, $100-million senior secured asset-based credit facility matures in November 2016 and replaces the company’s existing revolving credit agreement, which would have matured in August 2013. General Electric Capital Corporation will serve as working capital agent, issuing bank, […] [...]

Molpus Woodlands Group named manager of year

JACKSON — The Molpus Woodlands Group (Molpus) was selected as Real Asset Manager of the Year at the Money Management Intelligence magazine’s 11th Annual Public Pension Fund Awards held in San Diego, Calif. The award recognizes Molpus’ outstanding achievements during the year, including increasing its managed assets, including raised capital, to approximately $1.76 billion. One […] [...]

KiOR closes on $75M loan to support first biofuels plant

by Published: January 29,2012

Tags: biofuels, capital, energy, fuels, investing, investment, investors, loans, plant, REFINERY

COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the […] [...]

Lightfoot, GE investing in liquefied natural gas market

PASCAGOULA — Lightfoot Capital Partners, LP, has teamed up with GE Energy Financial Services to make a strategic investment in the liquefied natural gas market. Lightfoot Capital will make a direct investment and own a 48 percent interest in Arc LNG Holdings, LLC, which will own a 20 percent interest in Gulf LNG Energy’s terminal […] [...]

Hydro Green gets new funding, chief executive

by Published: May 10,2011

Tags: capital, chief executive, dams, energy

HOUSTON, Texas — Hydro Green, LLC (HGE), a renewable energy development company with proprietary hydropower technology, has secured an equity capital and project development investment from Providence Renewables, LLC of Dallas, TX. HGE also announced the appointment of Michael P. Maley as president and CEO. The new funds will be used to expedite the development […] [...]

Pharma Pac, Pro Derma land significant investment

by Published: September 13,2010

Tags: capital, investments

Kugman Partners Inc. of Chicago has served as financial advisor to Allan Holdings, LLC, and its subsidiary companies, Pharma Pac and Pro Derma, LLC, and assisted in securing significant investment from First Avenue Partners. “We were pleased to assist management of Allan Holdings and First Avenue Partners in repositioning Pharma Pac to refresh operations,” said […] [...]

Metropolitan Bank raises $10.8M in new capital

by Published: July 28,2010

Tags: banking and finance, capital

RIDGELAND — Metropolitan BancGroup Inc. and its banking subsidiary, Metropolitan Bank, has successfully completed a rights offering yielding new capital of $10.8 million. With assets of approximately $450 million, Metropolitan reported strong, positive earnings growth for the first six months of 2010 and is operating ahead of its profitability projections for the 28-month old private […] [...]

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