Business
Capital Financial Global Completes Consolidation And Restructuring of Acquired Refinery Debt
Capital Financial Global Completes Consolidation And Restructuring of Acquired Refinery Debt.
About this update from Capital Financial Global, Inc.
[{"type":"text","content":"\n\n\n\nCapital Financial Global Completes Consolidation And Restructuring of Acquired Refinery Debt\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCapital Financial Global Completes Consolidation And Restructuring of Acquired Refinery Debt\nPR Newswire\nSALT LAKE CITY, April 9, 2014\n\n\n\nSALT LAKE CITY, April 9, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has successfully consolidated and restructured the more than $5.1 million in distressed refinery debt that it acquired in March.\n\n\"Lumping all the various acquired notes into one consolidated loan will help the refinery manage the repayment process as well as simplify our task of servicing the loan and collecting the payments,\" said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. \"This loan will be a nice addition to our loan portfolio in terms of interest rate spread, since we acquired it by issuing our preferred stock.\"\n\nThe new Secured Promissory Note and Security Agreement call for repayment of $5,100,000.00, bearing interest at 12% annually, with monthly interest-only payments until maturity, in 5 years. The corresponding Series B Preferred stock provides for cumulative dividends at 4% annually.\n\nDisclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/CFGX/filings \n\nAbout Capital Financial Global, Inc.\n\nCapital Financial Global, Inc. (CFGX) is a specialty finance company that offers asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.\n\nOur Market Positioning & Differentiation\n\nUnlike traditional banking models, CFGX offers organizations needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form.\n\nOur Revenue Model\n\nWe seek revenue from loan fees, in...