Louisiana Green Fuels Fund Updates > LGF KISS#3 Notes Launch
LGF KISS#3 Notes Update
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Ballast Rock is proud to announce the launch of the Louisiana Green Fuels direct issuance of convertible KISS #3 debt, exclusively placed by Ballast Rock. The investment is now live in the Ballast Rock investor portal, with a limited window for investment.
After we closed the Ballast Rock Louisiana Green Fuels Fund last year early due to oversubscription, we were contacted by many of you asking if there was another way to invest in this innovative carbon negative renewable fuels project. The LGF KISS #3 (“Keep It Simple Securities”) issued exclusively through the Ballast Rock portal, are the same type of convertible debt instrument we had used in the previous raise and the overall IRRs are broadly similar despite the continued substantial forward progress in the project.
The KISS #3 convertible notes will have a coupon of 12% p.a., a 30% discount to equity valuation on conversion into preferred equity and a minimum investment size of $50k (with increments of $5k thereafter). The KISS #3 notes are available to be funded/deployed immediately and so can start accruing the coupon from the date they are funded.
After we closed the Ballast Rock Louisiana Green Fuels Fund last year early due to oversubscription, we were contacted by many of you asking if there was another way to invest in this innovative carbon negative renewable fuels project. The LGF KISS #3 (“Keep It Simple Securities”) issued exclusively through the Ballast Rock portal, are the same type of convertible debt instrument we had used in the previous raise and the overall IRRs are broadly similar despite the continued substantial forward progress in the project.
The KISS #3 convertible notes will have a coupon of 12% p.a., a 30% discount to equity valuation on conversion into preferred equity and a minimum investment size of $50k (with increments of $5k thereafter). The KISS #3 notes are available to be funded/deployed immediately and so can start accruing the coupon from the date they are funded.
Have more questions?
If you would like to learn more about the Louisiana Green Fuels project click below or email us at IR@ballastrock.com
