Jamaican Ambassador Praises Hampden Kent Group's Innovative Debt Financing Program in Caribbean

WASHINGTON, Oct. 25, 2011 /PRNewswire/ -- Just days after the Hampden Kent Group, L.L.C. (HKG), an infrastructure project development, financing, and management company, announced three innovative new debt refinancing projects in Jamaica, Audrey Marks the Jamaican Ambassador to the U.S. released a letter praising the plan – and expressing her excitement about the future growth it portends. The three projects represent $600 million in new structured debt for infrastructure and green technologies for the country. It is expected that this deal will be a key breakthrough and be a precursor for additional debt financing deals in Jamaica, the Caribbean, and across all global markets.

In the letter to the Chairman and CEO of the Hampden Kent Group, Darry J. Hudson III, Ambassador Marks wrote, "…this is a significant opportunity to create meaningful capital infusion into the Jamaican economy, to support renewable energy and create new jobs at various skill levels."

"We are pleased to have this support from Ambassador Marks and other leaders throughout Jamaica," Hudson said. "With this strong of leadership, Jamaica represents the best possible location for us to expand our presence in the region. The nation and its leaders are committed to renewable energy and environmental investment projects. We are proud to be presenting such a wonderful opportunity to our investors and project partners."

The first renewable energy project is the formation and development of a solar panel production facility near Kingston that will begin in early 2012. The remaining projects are a waste-based energy production facility and self-contained sustainable shrimp farming modules, and will rollout out by the beginning of next year.

Ambassador Marks recently met with the Hampden Kent Group to discuss these projects for which she has expressed great familiarity and longstanding support.

In the letter from Ambassador Marks, she further offers to assist the Hampden Kent Group, "in any way possible," especially for, "possible interactions with multilateral financial institutions."

"With this support, our project is destined for success. The potential to produce significant near-term and long-term results, while simultaneously laying the groundwork for future sustainable energy initiatives could not be better," Hudson continued. "This is the first of several initiatives for Hampden Kent as we expand our presence in Jamaica and throughout the Caribbean."

The Hampden Kent Group has structured and arranged cross-border debt financing for renewable energy and environmental sustainability programs in Europe and the Americas.  

Hampden Kent Group, LLC

Hampden Kent Group, L.L.C. (HKG), is an infrastructure project development, financing and management company. HKG specializes in emerging market project finance and development. HKG develops commercially viable projects for which it secures financing, and takes management and equity positions in the projects, on a build-own-operate basis. HKG's objective is to take both a financial and management position in projects in selected countries in conjunction with investors and local partners. HKG and its interest holders thus expect to benefit from the successful operations of portfolio projects whereby an accumulated equity position is liquidated at optimal value. The HKG management team has the necessary expertise in capital markets and project development to implement all phases of HKG's business plan and project exit strategy.

For more information or to schedule an interview with a spokesperson from the Hampden Kent Group, please contact Dan Rene of Levick Strategic Communications at 202-973-1325 or [email protected]

SOURCE Hampden Kent Group, L.L.C. (HKG)