【Worldway Major Good News】 Worldway's U.S. investment immigration EB-5 project has received more good news! Recently, it was learned from the project party that the financial performance of the California Solar EB-5 project, represented by Worldway, remains robust and strong as of June 2017, and has continuously made new progress.
On June 6, 2017, Fitch Ratings, a top rating, commentary, and research agency, completed the rating of the California Solar EB-5 project company—(Genesis Solar LLC) $852 million in debt ($419.6 million in outstanding debt):
● $561.6 million (remaining $321.6 million unpaid), Class A trust certificate financing, interest 3.875% (guaranteed by U.S. sovereign government agency loans), maturing in 2038, rated AAA; rating outlook stable
● $120 million (remaining $14.08 million unpaid), bank loan, floating rate (guaranteed by U.S. sovereign government agency loans), maturing in 2019, rated AAA; rating outlook stable
● $140.4 million (remaining $80.4 million unpaid), Class B trust securities financing, interest 5.125% (no loan guarantee), maturing in 2038, rating upgraded from BBB+ to A-; rating outlook stable
● $30 million (remaining $3.52 million unpaid), bank loan, floating rate (no loan guarantee), maturing in 2019, rating upgraded from BBB+ to A-; rating outlook stable
In 2016, the California Solar EB-5 project had a strong debt service coverage ratio (DSCR) of 2.58 times the operating company's (Opco) debt. The financial forecasts of the above company exceeded expectations, with revenue growth of 7.5% compared to Fitch's basic forecast, primarily driven by a 4.4% increase in solar resource quantity and high equipment utilization. Revenue in the first quarter of 2017 has already exceeded expectations by 10%.
In 2016, the operational performance of the California Solar EB-5 project was also strong, with total electricity generation exceeding Fitch's basic capacity forecast by 6.4%; ample solar resources ensured strong power output, with project generation in the first quarter of 2017 continuing to exceed Fitch's baseline budget expectations by 8.5%.
For the full Fitch Ratings report, please refer to the webpage: https://www.fitchratings.com/site/pr/1024745.
With Trump's tax cuts, EB-5 extensions, and the introduction of the backlog resolution proposal, investors are expected to directly obtain permanent green cards. In 2017, the four major favorable conditions for U.S. investment immigration have emerged, making this an optimal time for EB-5 investment immigration to the United States.
Currently, the Worldway project—2017 EB-5 Diamond Project Dallas No. 1 is in high demand and selling fast.
Click to view details of the Dallas No. 1 project:
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For more information about the Worldway California Solar EB-5 project, or to inquire about more quality U.S. investment immigration projects, please call: 400-138-2929