Presentation of decisions already made regarding Green Banks involvement. Green Bank helped facilitate lending with 2 other banks and is a subordinate lender at 8%. The rest was all updates on the company because GB has a long term vested interest. They updated on FCE financial stability to reassure their investment is safe. Many key points. Some of which are: 1( Tax equity closing this month barring unexpected delay, 2) $230M unrestricted cash, 3) Groton COD February, 4) business in Europe, 5) progress on other projects in Derby, Hartford, Yaphank, 6) Expected forgiveness of the Covid loan, 7) much lower interest financing if/when needed moving forward, 8) a profitable Quarter or 2 in the next 12 months, and 9) + cash flow starting in 2022.
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