Financing

Financing

“The Petron Energy Group of Companies” can help obtain financing, activate credit lines, provide loans against financial instruments, and monetize financial instruments.

The word Financing under a magnifying glass with terms like interest rate, loan, borrow, bank, qualify, options, down payment, equity, mortgage, and collateral.

Our company can offer the most competitive terms when rendering assistance in obtaining financing for commercial transactions and various business projects. Every project that requires financing will be discussed on an individual basis. Our loans have an interest rate of 2% per annum with up to 4 years of grace and can span up to ten years in length.

To obtain debt financing, our company uses the active credit lines of our partners. We are prompt with flexible conditions financing against the most spread types of financial instruments such as:

  • Bank Guarantee (BG)
  • Standby Letters of Credit (SBLC)
  • Certificate of Deposit (CD)
  • Medium Term Note (MTN)
  • Bank Draft and others

This type of financing imposes less rigid requirements to the current financial status of the client and quality of a financial project than traditional project financing

Loans with Bank Instruments as collateral LTV:
  • 10M to 500M – 45% Non-Rated Bank or 65% Rated Bank – Non-Recourse Loan
  • 10M to 500M Bank Guarantee (BG) – 65% Recourse Loan with a Non-Rated Bank instrument or 80% Recourse Loan with a Rated Bank instrument – This loan has an interest rate of 2% per annum with up to 4 years of grace and can span up to ten years in length.

Estimated Completion Time:

  • 7 to 14 days after all documents are signed and verified or 5 to 7 Days After Instrument Delivery on the SWIFT, Euroclear, or DTCC Networks.

Loan Disbursement:

  1. 21 days after confirmation and authentication of the MT-760, we release the first disbursement (20% of the loan).
  2. 30 days after the first disbursement, we release the second disbursement (20% of the loan).
  3. The remaining 60% of the loan will be divided into ten (10) months and will be disbursed every 30 days after the second disbursement.

Notes:

  • Full loan disbursement in 12 months.
  • In case of client does not have a bank instrument to place as collateral for the project, Petron Energy Group can offer to lease the bank instrument to the client and at the same time offers the monetization.
  • Petron Energy Group can monetize a bank instrument via our attorney’s trustees with a minimum face value of 10M and up to 500M maximum per tranche.
  • If the client is leasing the bank instrument from Petron Energy Group, the client only has to pay for the initial deposit fees, and the attorney-trustee office will pay for the lease instrument cost if your loan is approved.
  • Loan approval is most likely to be approved since you are leasing the bank instrument from us. However, the attorney’s trustee office reserves the right to provide a loan or NOT to a client.

Recourse Loan Disbursements Example (100 Million Euros):

Bank instrument face value: €100,000,000.00
Recourse Loan disbursement (80%): €80,000,000.00
Loan commission fees (5%): €4,000,000.00