New Destination Resort Financing

3 October 2023 - OVO Technology Partners International Holdings LLC, “OVO”, is thrilled to announce that it has been contracted to fund a world-class $10 Billion destination resort via its project-based asset backed securitized issuance. With $10 billion, the project stakeholders will have the resources to bring their awe-inspiring vision to life where the development of their landmark destination resort will attract visitors from around the world and create memorable and immersive experiences for all who visit for generations to come.

We're redefining large-scale project financing via an innovative non-recourse approach utilizing the project itself as collateral for a new securitized, asset-backed issuance whereupon close, proceeds are segregated into project funding for the buildout in its entirety and into a set of sinking funds, where collectively the sinking funds are purpose-built to fulfill and retire the issuance's obligations. This strategic framework empowers the project stakeholders to retain control and devote their full attention to the successful execution of the project's buildout and operation.

The firm's CEO said, “we are thrilled to make possibilities become reality and to enable iconic awe-inspiring projects to come to life. This is a significant accomplishment and a testament to the trust and confidence placed in "OVO" by the project stakeholders. We are delighted that this securitization, institutional exit and sinking fund framework supports ambitious initiatives where OVO plays a crucial role in enabling extraordinary visions to come to life and driving economic growth. It is the personal attention to detail and the zealous fortitude to exceed what’s possible that drives us, empowering our clients with unique solutions that generate significant value now and for their future generations."

About OVO

Built by Silicon Valley veterans, OVO is an offshore Family Office with greater than €31B AUM where we have unlocked the boundaries of innovation and redefine what's possible. It is a privilege to advise great people and to offer qualitatively superior solutions which enable landmark developments and to transform; large-scale project financing, new issuances; private placements; and asset and wealth management all with signature service where we are delighted to deliver better-than-imagined outcomes.

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Source: OVO Technology Partners