ENERGY

HDS International lands financing

COURTESY HDSI
HDS INTERNATIONAL CORP. landed $150,000 in financing.
Posted 7/5/12

PROVIDENCE – Renewable energy company HDS International Corp. has entered into a convertible drawdown facility providing funds and credit, the company announced Tuesday.

HDS International provides carbon capture, biosequestration and algae biomass production technology and solutions.

Under the terms of the financing, HDSI will receive aggregate principal funding of up to $150,000, with $60,000 immediately advanced.

Advances bear simple interest at 6 percent and outstanding balances are due by Dec. 31, 2013.

“Today’s financing announcement strengthens our financial position and balance sheet,” HDS president and CEO Tassos D. Recachinas said in prepared remarks. “We expect to apply the proceeds for general working capital and other corporate purposes as we execute on our strategy of leveraging our technologies to maximize long-term shareholder value.”

Calendar
PBN Hosted
Events

Please join PBN on September 10th for the 3rd Annual Fastest Growing & Innovative Companies program at Rosecliff Mansion in Newport. Seating is limited so be sure to register early.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement