Worldwide Headquarters
Global Principal Partners LLC
1111 Brickell Avenue
11th Floor
Miami, FL 33131
Phone: (330) 908-0813
Fax: (330) 908-0814

 

Global Principal Partners LLC - who we are and what we do.

Owned and operated by a team of professionals with extensive investment banking experience, Global Principal Partners LLC (“GPP") provides a full range of advisory and capital raising services to industrial companies throughout the world. Formed in 2003, GPP has structured and raised in excess of US$6 billion of capital for its clients. The majority of this capital has been used to develop new business ventures. In addition, GPP has led acquisition and restructuring transactions with a value in excess of US$4 billion.

GPP has distinguished itself as a global leader in terms of completing project financings for newly formed industrial companies. A number of GPP’s transactions have been recognized for their innovative structures and two have been selected as “Deal of the Year” by IJGlobal Infrastructure Journal and Project Finance Magazine.

 
Big River Steel Awarded IJGlobal America’s 2014 “Deal of the Year Award”

Big River Steel received IJGlobal’s 2014 Deal of the Year Award for a North American Metals & Mining transaction. The US$1.6 billion financing package arranged by GPP to finance a scrap metal recycling and steel production facility for the newly formed Big River Steel was noted at the Deal of the Year award ceremony as being the largest industrial investment in Arkansas’ history.  

Big River Steel was formed by a small team of steel industry executives that selected GPP to structure the transaction, conduct a site search, negotiate technology supply, power supply and offtake contracts and raise the financing necessary to build, start-up and operate the scrap metal recycling and steel production facility.

The Big River Steel facility is positioned to become one of the world’s most energy efficient steel production facilities.  The facility is also designed to produce grades of steel that have history only been produced by much less energy efficient integrated steel producers that consume iron ore, coal and coke in the steel making process—as opposed to Big River Steel simply recycling scrap metal.

As part of the financing process, GPP assembled a consortium of lenders and equity investors from around the world.  These lenders and investors consist of highly regarded banks, alternative investment funds, pension funds and private equity funds.

 
 
SeverCorr Receives "Deal of the Year" Award
from Project Finance Magazine

Cleveland, OH Mar 07, 2006 SeverCorr, a newly formed steel company, is being honored today by Project Finance Magazine with their prestigious "Deal of the Year" award. The award ceremony will take place at Gotham City Hall, New York City at 7 p.m.

Project Finance Magazine honors several candidates in different categories annually throughout the world. Candidates are either nominated or entered based on general interest generated within their respective industry. Industries covered include: telecoms, power, oil, gas, rail, roads, bridges, tunnels, water, ports, airports, stadiums, property and tourism development, petrochemicals, mining, and private and public partnerships.

Project Finance Magazine's editor, Tom Nelthorpe, said "Project Finance Magazine's Deals of the Year recognize innovation excellence and innovation in infrastructure finance. The winning transactions are chosen after extensive evaluation and consultation with the investment community. The SeverCorr transaction was one of the more unusual transactions we considered. It was unprecedented in both its industry and the project finance market."

Supported by $880 million in project financing, SeverCorr will construct and manage a technologically advanced flat-rolled steel mini mill. The new mill is designed to produce 1.5 million tons of high-quality steel annually for use in the southern United States steel market. Approximately 2,000 construction-related jobs will be created during the next 24 months and nearly 450 people will be employed when the production facilities are fully operational.

Many view this deal as successful due to the strong management team and unique approach SeverCorr's financial advisor, Cleveland-based Global Principal Partners, took in arranging the $880 million of financing for the project. "This transaction is unique in that all transaction participants have significant "skin in the game" through completion of the project. For example, the majority of the vendor payments are linked to the long-term performance of SeverCorr", stated David Stickler, senior managing director of Global Principal Partners.

"The industry expertise and proven track record of SeverCorr's senior management team was a clear differentiator in this deal" said Greg Wicander, senior vice president at GE Commercial Finance, which arranged $440 million of the senior financing. "Their knowledge and experience allowed us to push the envelope in terms of structuring a deal that does not conform to the traditional tenets of project financing."

"To not only be nominated, but also to be chosen as the recipient of this award, truly demonstrates the great impact SeverCorr has already made in its industry," said John Correnti, CEO SeverCorr. "We are pleased and honored to be recognized for what we certainly all believe was the project finance deal of the year for us, our vendors, financial providers and the state of Mississippi.


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