What is Project Financing?
Financing in which lenders rely primarily on cash flow generated by operation of the project as a source of loan repayment; the project’s assets, rights, and interests are held as collateral.
Project financing is an especially attractive option for machine, equipment, and turn-key plant developers.
Characteristics of Project Financing:
Project developed through a separate financial and legal entity.
Project assessment is not based only on the balance sheet position of the Importer/Guarantor. Accounting treatment of project debt is completely separate from the own borrowings in its consolidated accounts. The eventual Guarantor’s financial position is not affected.
Allows to maximise debt-to-equity leverage of the project. Normally can be financed from 70% up to 85% of the project amount.
Financing can be secured only by the project itself, without recourse to the guarantors.
Glass Service collaborates with major European banks and financial institutions, such as: SACE, Monte dei Paschi di Siena, Unicredit, Banca Intesa, Deutsche Bank, Commerzbank, HSBC, BPM, BNP Paribas. They use a wide range of financial instruments based on the location of the initiative and financial market development in that area.
Replubic of Belarus
Glass Service’s Project Financing Service actively aids customers in finding the right financing for their project’s needs at the best
borrowing rates on the international financing market.