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Liquid Resources Announces New Bond Deal.

Liquid Resources of Ohio, LLC recently announced a new public-private bond transaction worth $700,000 to finance equipment upgrades at the company's Medina, OH waste-to-ethanol facility.

According to Liquid Resources, the deal involves a partnership with Sky Bank, the Ohio Air Quality Development Authority (OAQDA) and the U.S. Department of Agriculture (USDA). Under the terms of the transaction, Sky Bank purchased a bond issued by OAQDA, which subsequently lent the proceeds to Liquid Resources. USDA Rural Development is providing a loan guarantee for Liquid Resources.

"This public-private partnership is a winner," said Liquid Resources CEO Tim Curtiss. "The deal demonstrates how government and industry can work together to promote business and create jobs."

Contact: Tim Curtiss, Liquid Resources, phone 330-721-7900, e-mail tcurtiss@liquidresources.net.

(EIN STAFF: 11/08)
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Publication:Alternative Transportation Fuels Today
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 12, 2004
Words:129
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