Solargy Systems plans to bring secured bond offering via CGI Capital

By Paul A. Harris

St. Louis, Dec. 8 - Solargy Systems Inc. announced in a Tuesday press release that it expects to bring a Rule 144A offering of secured bonds early next year.

CGI Capital Holdings will lead the deal.

"In the last several months we have been reviewing proposals from various entities and we have selected CGI, based on their familiarity with government programs in the alternative energy sector as well as their contacts in the capital markets," Solargy CEO C.M. Nurse commented in the press release. "We believe that CGI will be able to successfully place the bond offering for us."

The 30% tax incentive being offered by the federal government as part of the stimulus package enacted last summer will be used as equity in the offering, Nurse added.

Solargy Systems is a Fort Lauderdale, Fla.-based systems integrator of alternative energy technologies.

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