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V3 Commodities Closes $10MM Credit Facility With Great American Power

November 20, 2017, 08:00 AM
Filed Under: Energy

V3 Commodities Group Holdings, LLC announced that it has closed a $10 million wholesale supply and credit support facility with Great American Power, LLC (GAP), a retail energy provider serving natural gas and electricity markets throughout North America. Under the arrangement, V3 provides a credit facility (which includes a working capital line of credit) and offers GAP full requirements supply as well as physical commodity services related to both power and natural gas physical deliveries.

J. Scott Perry, CEO of V3, said, "We are excited to partner with the GAP management team as they grow their retail business nationwide."

Ginger Lucas, President and CEO of GAP, said, "The V3 facility provides GAP a competitive advantage. The working capital line allows GAP to provide innovative and flexible products to meet customer demands. We are looking forward to the benefits offered by V3."

V3 provides capital, supply and risk management services to retail energy providers operating in the deregulated North American energy markets.

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