Subject: RE: Monday Call Re: Iberdrola/Capital One
From: "Jack Casey" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, "Jerry McDermott" <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>, "Devon Archer" <[email-masked]>, "Arlene Busch" <[email-masked]>, "John Boc" <[email-masked]>, <[email-masked]>
Date: Fri, 22 Jul 2011 12:39:46 -0400

ERIC:

              WE CAN DO THE CALL AT 2:00 PM AND JERRY SAID WE WOULD
PREFER IT BE WITH THE ROSEMONT SENECCA TEAM. IF THIS IS OK I WILL SET IT
UP. Let me know, Thanks, Jack

From: Eric Schwerin [mailto:[email-masked]] 
Sent: Friday, July 22, 2011 12:19 PM
To: Jack Casey; Jerry McDermott
Cc: Hunter Biden; Devon Archer; Arlene Busch; John Boc;
[email-masked]
Subject: Monday Call Re: Iberdrola/Capital One

Jack/Jerry-

Would it be possible to do this call on Monday at either 10am, 2pm or
3pm?   Hunter and Arlene will both be traveling on Monday, but those
time work for Devon and me.   We'd also like to include someone from
Transatlantic on the call or would you prefer this call to just be the
Rosemont Seneca team.   Either works for us, but let us know.

Best,

Eric

 

From: Jack Casey [mailto:[email-masked]] 
Sent: Friday, July 22, 2011 11:10 AM
To: [email-masked]; [email-masked]; Arlene Busch
Cc: Jerry McDermott; Roman Brilman; John Boc
Subject: IBERDROLA - TRANSCAPITAL - CAPITAL ONE

Hunter, Devon & Arlene:

              Jerry McDermott would like to have a dial in conference
call Monday July 25, 2011 at 11:00 AM.

We are ready to finalize and close with our client Capital One. We want
to make sure Rosemont Seneca understands the transaction and is
committed to fund the cash equity portion and has been compensated in
the transaction.

              Here is a quick deal synopsis:

              $100 Million Iberdrola Solar transaction "Project Sun"
Copper Crossing, Arizona.

              Transcapital is purchasing a 49% interest from Iberdrola
for $ 52.2 Million

              Rosemount Seneca is to provide $ 22 million in cash equity
portion with a 8.65% return

              Capital One will provide $ 28 million of tax credit equity
at an 11% yield (flip structure)

              Meridian Investments will be paid 1.5% on the tax credit
equity at closing for structuring and placement equaling $ 420,000

              We want to make sure you understand the steps necessary to
close and the tax opinion that will be required by Capital One to close.

              Please reply all to make sure you will be available for
the call and we will schedule it. Should you wish to call Jerry directly
he is at 301-983-5000 till 3:00 PM today.

              Thanks, Jack

 

Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

[email-masked] <x-msg://59/[email-masked]> 

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