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Article: Bergamo Acquisition Corp. and Bergamo E&A Receive Terms for $1.5 Billion USD Financing Agreement for Two Pakistan Energy Projects.
- Article from:
- Energy Weekly News
- Article date:
- May 22, 2009
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Bergamo Acquisition Corporation (Pink Sheets: BGMO) announced that its wholly owned subsidiary, Bergamo E&A, has received a Term Sheet to provide $1,500,000,000 USD in financing for two energy projects in Pakistan. The financing is for a term of seven years at 2.5% per annum and with an up-front cost of 8% which is payable upon delivery of the funds into a Certificate of Deposit in the designated Pakistani bank into the account for the lender. These funds will be used to finance the two energy projects. Once Bergamo Acquisition Corp. accepts and signs off on the funding, the deal will be closed and will fund within 30 days as required in the Agreement.
Hillard ...