|1st Global Financial Corporation is Approved for a Three Hundred and Fifty Million Euro, (490 million dollars USD) Revolving Credit Line for Purchasing Real Estate|
LAS VEGAS, Nov. 16, 2011 /PRNewswire/ -- 1st Global Financial Corporation (OTC: FGBF). A real estate holding and trading company creating strategic partnerships with individual and institutional owners of property portfolios in the USA, United Kingdom, Europe, and the Caribbean announce today that 1st Global has completed on an agreed credit facility with its bankers of three hundred and fifty million Euros, (490 million dollars USD).
This facility together with further investment deposits shortly to be cleared will enable 1st Global Financial Corporation to strongly compete in the market for the acquisition of prime properties.
1st Global Financial Corporation's President Johnny Bannister said," This new agreed credit facility together with investment deposits being made into 1st Global will give us the necessary funding to implement and develop our business model over the next financial year. We have made significant offers on a number of properties which we have identified as bringing solid benefits to our shareholders and look forward to making public as soon as possible the full details regarding them."
About 1st Global Financial Corp [OTC FGBF] is creating strategic partnerships with individual and institutional owners of property portfolios in Ireland, the United Kingdom, Europe, USA and the Caribbean to finance the acquisition of those portfolios. 1st Global Financial Corporation has selected a range of properties including hotels, commercial retail and office, and leisure developments to provide a comprehensive income generation to facilitate growth in the Corporation.
1st Global intends to present to the investment community at all levels an opportunity to participate in solid property asset acquisition with steady income projection. The Corporation plans to issue a series of asset backed bonds in this financial year and has begun the confidential negotiations with book-runners and institutional investment managers in Europe, China, and the Middle East to facilitate that intention.
Safe Harbor Statement: This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as 1st Global Financial Corporation or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
1st Global Financial Corporation
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