“Biomass Blues” Tune is a Parody of Gainesville’s Bankrupting GRU-GREC Incinerator Contract
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The nonrecourse debt financing is being provided by the Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as coordinating lead arranger, as well as Natixis, Rabobank Nederland, ING Capital, Crédit Agricole and Société Générale. Equity is being provided by the parties involved in the development of GREC (Energy Management Inc., BayCorp Holdings Ltd., and Tyr Energy Inc.), as well as by certain principals of Fagen Inc., the contractor building the facility. Christopher Smith acted as financial advisor to the project; Cadwalader, Wickersham & Taft acted as counsel to the borrower; and Chadbourne & Parke acted as tax counsel to the borrower.
