Landfill Gas

Representative transactions include:

• A $2.6 million transaction involving an Oregon landfill in which the industrial gas user is taking 50% of the Section 29 tax credits. This project also qualified for an Oregon energy tax credit.
  
  
• A $10.5 million transaction for a California landfill gas project which first closed in November 1993. In addition to cash flow, this project generates substantial Section 29 landfill gas tax credits. Logan Capital introduced the construction contractor to the project, and placed the debt and equity. In 1998, Logan Capital assisted in the successful debt refinancing of $9.5 million for this same project which included the purchase of one partner's interest by the other partner.
  
  
• A $13.8 million equity transaction which closed in April 1996 for a large landfill gas collection system in the Northeast. This financing is primarily dependent on Section 29 tax credits.
  
  
• A $55 million transaction involving four landfill gas projects including the largest landfill gas project in the country. Returns to limited partners are generated from cash flows and Section 29 tax credits.
  
  
• Three transactions totaling $13 million involving Section 29 tax credits for California landfills.
  
  
• A $5 million transaction involving Section 29 tax credits for a Connecticut landfill.
  
  
• A $2.2 million transaction involving Section 29 tax credits for a Massachusetts landfill.
  
  

These transactions involved several different lenders, equity investors and Section 29 monetizers.


Logan Capital Corporation Home Page: www.logancap.com