Transactions

CYRQ Energy, Inc.

Thermo No. 1 Geothermal Project

Debt Raise for the 13 MW Thermo No.1 Geothermal Project provided by:

ING Capital

Cyrq Energy (“Cyrq”), a leading geothermal power company, successfully closed a geothermal debt financing transaction to support its Thermo No. 1 operating plant (“Thermo”). Thermo, an attractive operational geothermal electric generating facility located in Beaver County, Utah, provides power to the City of Anaheim, California under a long-term power purchase agreement. The Project has a state-of-the-art Ormat water-cooled binary cycle unit supported by a robust, proven geothermal resource, with further potential capacity expansion upside.

Marathon Capital acted as exclusive financial advisor to Cyrq for this transaction.

Segments
Marathon's Role

Debt Placement

Client Countries

USA

Counter Party Countries

USA

When

January 2014