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Article: Distributed Energy Systems Completes $12.5 Million Financing With Perseus.
- Article from:
- PR Newswire
- Article date:
- June 5, 2007
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Company to Hold Investor Conference Call on Monday, June 11th at 4:30PM (EDT)
WALLINGFORD, Conn., June 5 /PRNewswire-FirstCall/ -- Distributed Energy Systems Corp. has completed the initial $12.5 million financing with an investment fund managed by Perseus, L.L.C. Perseus is a merchant bank and private equity fund management company headquartered in Washington, D.C.
Under terms of the previously announced agreement, Distributed Energy Systems received $12.5 million in cash from Perseus. In exchange, the company issued Perseus 12.5% senior secured promissory notes, due on March 1, 2008 and secured by all of the assets of Distributed Energy Systems and ...