Vreed-en-Hoop Shorebase secures US$25M loan
GEORGETOWN, GUYANA, MARCH 14, 2024 – New Hayven Merchant Bank, a leading financial institution committed to fostering economic development, has successfully arranged, acted as collateral, and served as administrative agent for a US$25 million financing facility extended to VESHI. This financing marks a significant milestone in facilitating VESHI's first-of-a-kind oil and gas infrastructure project in Guyana.
Collaborating closely with an external financial entity, New Hayven Merchant Bank spearheaded the structuring and deployment of this financing arrangement, tailored specifically to meet the unique requirements of VESHI's project. The collaboration underscores New Hayven's dedication to providing innovative financial solutions and supporting transformative initiatives that drive economic progress.
Guyana's emergence as a pivotal player in the global energy landscape presents unparalleled strategic investment and development opportunities. New Hayven recognises the immense potential of the Guyanese economy and remains steadfast in its commitment to empowering businesses operating within the region.
"Our partnership with VESHI in this landmark project exemplifies our commitment to fueling growth and fostering sustainable development," stated Floyd Haynes, Founder and Chairman at New Hayven Merchant Bank. "As Guyana undergoes profound transformation, we are proud to serve as a trusted financial partner, providing tailored financing solutions and expertise to enable businesses to thrive in this dynamic environment."
New Hayven Merchant Bank's commitment extends beyond this collaboration, as it continues to actively engage with other providers of risk capital to deliver bespoke financing solutions and deploy capital across diverse sectors within Guyana. By facilitating access to capital and fostering strategic partnerships, New Hayven aims to catalyze growth and drive economic prosperity throughout the region.
