Engineering, Procurement, Construction + Finance
We Finance Projects That Last
Project finance is the long-term funding of projects based on the cash flows of the project rather than relying on the balance sheet of the sponsor. Loans are most commonly non-recourse which are secured against the project’s assets and serviced entirely from the project cash flow rather than from the balance sheet of the sponsor.
This emphasizes the importance of financial modeling and the focus on the debt service capability of the project as measured by one of several debt ratios, the most common of which are the debt service coverage ratio and the EBITDA interest cover.
Project finance disciplines embrace some or all of debt service reserve accounts, cash sweeps, dividend restrictions, and the need to observe or exceed certain debt ratios. As the project proceeds, we will provide guidance on structuring to deliver value, allowing you to assess the trade-offs presented to you and allowing informed decisions to be made. We provide continuous feedback from the Export Credit Agencies, when applicable, to ensure that the final financing application is made to the credit committee all issues are strategically remedied.
The Comnet International team has successfully connected governments, private corporations, state-owned contractors, insurers, and financial institutions for the past 50 years. Power plants, harbors, refineries, drilling contracts, WG&S contracts, pipelines, fracking, LNG facilities, chemical plants, ports, water/wastewater facilities, mining, drudges, hydroelectric systems, highways, airports, bridges, railways, and high-speed transport systems are all achievable by the most efficacious firms under Comnet advisory. We can introduce financing via state-owned banks, development funds, family offices, and private institutions and in some cases finance up to 100% of the total project cost.
