FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


First National Capital Provides $148MM in Financing of Natural Gas Turbine Generators

June 10, 2024, 07:22 AM
Filed Under: Industry News

First National Capital Corporation (FNCC), a commercial equipment and aviation finance provider, announced the funding of natural gas turbine generators totaling over $148,000,000 in committed capital.

The client, which specializes in the fast-track construction and operation of natural gas infrastructure, is helping Puerto Rico recover from the devastating hurricanes that have severely damaged their power grid. FNCC is proud to help its client not only stabilize the power grid, but importantly provide a much lower carbon footprint while providing hundreds of millions of dollars in energy savings to the utility agencies of Puerto Rico. A flexible capital solution with exceptionally fast timeline to fund, prepayment abilities, and the ability to execute in the U.S. territory was required. First National delivered on all the key requirements.

Keith Duggan, CEO of FNCC, said, “Executing a deal of this size and complexity demands more than a simple transactional approach. It required genuine creativity, robust capital resources, and relentless advocacy for our client's needs to overcome challenges that traditional lenders often find insurmountable. By combining these qualities with our 20 plus years of experience in the energy sector, we provided a unique and speedy solution for this well-capitalized organization. Ultimately, our dedication to digging deeper, confident execution, and bringing an experienced team focused on finding solutions sets us apart in all our partnerships.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.