Liberty One Methanol LLC, part of KKCG, announces that it has repaid in full its bonds to the value of CZK 2,100,000,000 on 3 August 2023, prior to reaching full maturity on 23 October 2023.
The bonds were issued on 23 October 2018, secured by a financial guarantee issued by KKCG, to fund the construction of US Methanol, a facility in Institute, West Virginia which opened earlier this year and is expected to produce 200,000 metric tons of high-quality methanol annually.
The bonds were refinanced by a loan from WhiteHorse Capital, a US-based institution, and reflect the successful transition of the US Methanol plant in Dunbar from construction to operations.
About Liberty One Methanol LLC
Liberty One Methanol LLC was founded by KKCG in 2016 with the mission to reliably produce and deliver the highest quality methanol to industrial consumers based in the United States. The company is headquartered in Charleston, West Virginia, US. The company is committed to gold-standard operations to produce its product in a manner that protects its employees, the community, and the environment.
About KKCG
KKCG is an investment and innovation group with expertise in lotteries and gaming, energy, technology, and real estate. Founded by entrepreneur, investor, and philanthropist Karel Komárek, KKCG employs over 10,000 people in 36 countries across its portfolio companies, with more than €8 billion in assets under management. Its businesses include, amongst others, Allwyn, a multi-national lottery operator with leading market positions in Austria, Czech Republic, Greece, Cyprus, Italy, the United Kingdom and the United States (Illinois); MND Group, an international producer and supplier of traditional and renewable energy, active in drilling and exploration, energy storage, retail, and trading; ARICOMA Holding a.s., comprehensive IT services provider and custom software development across Europe and the US; and KKCG Real Estate which creates internationally recognized, award-winning architecture in the residential, commercial, and industrial sectors with a focus on innovative and sustainable development. With operations on several continents, KKCG businesses draw on capital, networks, and insights from across the group to enable profitable, sustainable growth for the long term. KKCG is committed to supporting the communities where it operates, contributing to the societies it works within.
About WhiteHorse Capital White
Horse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse Capital has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse Capital professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit www.whitehorse.com.