FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


V3 Commodities Announces $25MM Facility For Rockies Power and Gas Retailer

October 09, 2018, 07:04 AM
Filed Under: Energy Services

V3 Commodities Group Holdings, LLC announced that it has closed a $25,000,000 wholesale supply and credit facility with nTherm, LLC, a retail energy provider serving natural gas and electricity markets throughout North America.  Under the arrangement, V3 provides nTherm a trade finance and growth capital facility and offers nTherm full requirements power supply as well as physical commodity services related to deliveries of power and natural gas in the Eastern energy markets. nTherm has a well-developed Rockies natural gas business that V3 will finance as part of the transaction.

J. Scott Perry, CEO of V3, said, "We are excited to partner with the nTherm management team as they grow their retail energy business in the Eastern markets and look forward to helping nTherm maintain its leadership position in the Rockies wholesale natural gas market."

Rhett Shumway, CEO of nTherm, said, "The V3 credit facility and physical supply expertise and services provides nTherm with a competitive advantage in the retail energy markets. The credit facility and risk management expertise at V3 allows nTherm to provide innovative and flexible products to its customers and allows us to better manage commodity market risk and meet customer demands. We are looking forward to growing our business with V3 as our partner."

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.