DALLAS, TX--(Marketwired - Sep 28, 2017) - The Chron Organization, Inc. (
Coit Capital is uniquely qualified to be the premier source of structured finance solutions for CHRON's Zero Cost Program™. The firm's experienced team has a proven track record in securing structured finance investors. Coit is experienced in various asset classes with transaction sizes typically ranging from $ 25 million to $200 million or less.
CHRON CEO, Alex Rodriguez, said, "We have worked diligently for several months now and with several prospective parties in terms of trying to fill this highly critical missing piece in our business model. I am pleased that we have now found a real partner who I believe can lead these transactions for us over the next couple of years. If we are going to truly carve out a place for ourselves in the sustainability, energy conservation, and IoT spaces, then we will need a world-class partner like Coit Capital on our side of the table."
Coit Capital's Managing Director, Bill Pettinati, said, "I am excited about this engagement because I emphatically believe we can provide a solution for CHRON's Zero Cost Program financing initiative. Our core competencies, combined with our investor base across a variety of different industries and asset classes, make us an ideal investment bank for CHRON. With our experience and expertise, we believe we can structure innovative solutions and facilitate a closing in a timely manner. We are very excited to be involved with this engagement, and believe it will be well-received as the Zero Cost Program will not only allow companies to achieve their sustainability goals, but will do so in a manner that will provide economic benefit to both investors and clients."
Rodriguez added, "We believe that we will require hundreds of millions of dollars over the next several years as we conduct the installations associated with our Zero Cost Program. The good news is that we now have Coit's industry expertise in debt investment markets helping us secure the proper funding mechanism to sustain the Program. I believe that sustainability as a service, such as is our program, will only continue to grow over the next decade. Coit will be instrumental in helping us to realize this opportunity."
ABOUT THE CHRON ORGANIZATION, INC.
The Chron Organization, Inc. (
ABOUT COIT CAPITAL SECURITIES, LLC
Coit Capital Securities, LLC is a middle market, FINRA registered Broker-Dealer and investment bank with a specialty in providing structured finance solutions. Coit specializes in transaction sizes typically ranging from $25 - 200 Million dollars across a variety of industry verticals and structured finance products. For more information, please visit www.coitcapital.com.
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