IRVINE, Calif., (June 7, 2024) – First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced the funding of natural gas turbine generators totaling over $148,000,000 in committed capital.  

The client, specializing in the fast-track construction and operation of natural gas infrastructure is helping Puerto Rico recover from the devastating hurricanes that have severely damaged their power grid. FNCC is proud to help our client not only stabilize the power grid but, importantly, provide a much lower carbon footprint while providing hundreds of millions of dollars in energy savings to the utility agencies of Puerto Rico.  A flexible capital solution with an exceptionally fast timeline to fund, prepayment abilities, and the ability to execute in the US territory was required. First National delivered on all the key requirements.

Keith Duggan, CEO of FNCC, stated, “Executing a deal of this size and complexity demands more than a simple transactional approach. It required genuine creativity, robust capital resources, and relentless advocacy for our client's needs to overcome challenges that traditional lenders often find insurmountable. By combining these qualities with our 20 plus years of experience in the energy sector, we provided a unique and speedy solution for this well-capitalized organization. Ultimately, our dedication to digging deeper, confident execution, and bringing an experienced team focused on finding solutions sets us apart in all our partnerships.”

ABOUT FIRST NATIONAL CAPITAL

Across a wide variety of industries and asset classes, First National Capital helps mid and large sized companies with competitive equipment financing across an extensive variety of business and credit situations. FNCC has deployed more than $4B in capital to companies throughout North America for equipment, project and aviation financing. For more information, please visit the First National Capital Corporation website at www.firstncc.com