Energy 1 Corporation Closes $3MM Credit Facility with TCA Global Credit Master Fund
BOCA RATON, Fla., Sept. 28, 2012 /PRNewswire/ -- Energy 1 Corporation ("E1") (OTC: EGOC) announces it has closed a $3 million Senior Secured Credit Facility with TCA Global Credit Master Fund ("TCA Fund"). Under the terms of the agreement, funds will be made available to E1 on an as-needed basis, with the initial draw down set at $600,000.
The credit facility is provided through TCA Global Credit Master Fund ("TCA Fund"), which seeks to provide financing to small, growing, private and listed companies. The loan will spur the company in its growth, as well as allow them to take advantage of additional opportunities within their sector.
"We are very pleased to be working with TCA," said Raymond T. Brown, Chairman of E1. "With their professional assistance we're confident about the Company's expansion and growth plans going forward."
About TCA Global Credit Master Fund
TCA Fund Management Group manages the TCA Global Credit Master Fund and acts as an advisor to countless small companies from its offices in the United States, United Kingdom, and Australia. TCA Fund is a short duration, absolute return fund specializing in senior secured lending to small, mainly listed companies in the U.S., Canada, Western Europe, and Australia. The team has a level of domestic and cross-border expertise, long-standing experience, and funding innovations, as is reflected in the number of transactions completed. This is a specialist business with an investment approach that fills an important finance gap in many leading markets. TCA Global Credit Master Fund also provides a unique conduit for investors seeking uncorrelated returns in the small cap debt universe.
For information about TCA Global Credit Master Fund, please visit: www.trafcap.com
About Energy 1 Corporation
Headquartered in Boca Raton, Florida, E1 develops, manufactures and distributes fuel efficiency and emission reduction solutions for retrofit on diesel and gasoline powered equipment. E1's technologies are available for variable as well as constant speed motors and can be configured to meet most desires or need.
For more information about E1 Trucks, the TekFuel System, the ExhausTek or IonTek solutions available for your truck or fleet, please feel free to contact E1.
For more information, please visit: www.Energy1Corp.com
Forward-Looking Statement: Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements.
Energy 1 Corporation
SOURCE Energy 1 Corporation