Chinook Urban Mining: Asset-backed debt finance
- Excellion Capital successfully raised £5m in asset-backed debt financing for Chinook Urban Mining, a pre-revenue UK company in the energy-from-waste sector
- Chinook will use the proceeds to finance the next phase of development for its flagship energy-from-waste plant located in Dagenham
- Excellion Capital ran a competitive process to raise the desired debt funding
- As a result, attractive terms were achieved, especially in light of the relatively early stage nature of the business