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Sun Pacific Holding Corp Engages NW Capital Markets Inc to Lead its Bond Fund Financing Options for its Rhode Island Medical Waste to Energy Project
Sun Pacific Holding Corp Engages NW Capital Markets Inc to Lead its Bond Fund Financing Options for its Rhode Island Medical Waste to Energy Project.
About this update from Sun Pacific Holding Corp.
[{"type":"text","content":"\nMANALAPAN, N.J., June 19, 2018 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (OTCQB:SNPW) announces that its wholly owned subsidiary, MedRecyclerTM-RI, Inc, has engaged NW Capital Markets Inc., as bond underwriter to lead and develop its bond fund financing options for the Company’s medical to waste engergy project in Johnston,  Rhode Island.   NW Capital Markets has provided bond underwriting for project financings for over 20 years and has successfully funded more than $50 billion of bonds for its clients. NW Capital serves a wide-array of bond issuers, from small towns and cities to major metropolitan cities and counties to regional issuers to states and state agencies.\n David J. Eckhart, Managing Director and Thomas K. Beckett, Senior Vice President of NW Capital Markets Inc will be leading the effort.  NW Capital Markets Inc will be working directly with the Company’s management team and partners, along with recently engaged Wert-Berater, who is currently completing the Company’s independent feasibility study in support of our Rhode Island project. “We are extremely pleased to have added NW Capital Inc. to our team.  Adding longer term bond debt financing to our financial architecture improves the financial performance of these kinds of projects for all of our stakeholders,” stated Nicholas Campanella, CEO of Sun Pacific Holding Corp.  “The hard work that our management team and our partners have been putting into this project is starting to payoff. We continue to quickly achieve our milestones as we progress along our timeline.  Our next critical short-term milestones include locking down our pre-bond bank debt financing that is currently underway and starting work on preparing the location that we have choosen for this medical waste to energy project.  These next milestones are on our critical path that should allow us to start accepting and processing medical waste, in early 2019.” Sun Pacific’s medical waste to energy opportunity in Rhode Island is the Company’s first response in targeting a global medical waste market place that is expected to reach $33.4 billion by 2025. Sun Pacific’s goal is to target and build out other strategic medical waste to energy opportunities in North America in support of its high efficien...