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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Gbaf News

    Posted on July 2, 2018

    Featured image for article about Top Stories

    Senior Secured Note’s Proceeds Will Provide Kinestral with Capital to Formally Launch its Halio™ Smart-Tinting Window Glass

    NEW YORK- GPB Capital has completed a debt investment in Kinestral Technologies, Inc., a developer and manufacturer of Halio™ smart-tinting glass for windows in homes and office buildings. The investment’s proceeds will enable Kinestral to bring its innovative natural light management system to market.

    The investment in Kinestral is part of GPB Capital’s ongoing strategy to provide senior secured loans to empower small and midsize businesses to reach a new phase of growth and profitability. To learn more about GPB Capital’s debt investment strategy, please visit: http://gpb-cap.com/our-strategies/debt-strategies/.

    “By offering an intelligent and sustainable way to control natural light, Kinestral’s technology has the potential to change how people around the world live and work,” said Evan Myrianthopoulos, Managing Partner with GPB Capital responsible for the firm’s Debt Strategies. “We are glad to support Kinestral at this critical time for the company, and work closely to make the rollout of Halio™ smart-tinting glass as smooth and productive as possible.”

    California-based Kinestral’s Halio (https://www.kinestral.com/) is next-generation electrochromic technology. It differs from earlier technologies in three key ways: it reaches maximum tint in less than three minutes; it tints uniformly (no more curtain or iris effect); and in its clear state, it looks like ordinary, clear glass until it tints to cool shades of gray. Halio windows can be fully automated in response to the sun’s position, time of day, or other user-specified criteria, and they can also be manually controlled. Manual controls include wall switches and a mobile app. Halio can be integrated with building management and home automation systems, as well as with cloud-based devices. Halio smart-tinting glass is sold exclusively through Halio North America and Halio International, joint venture companies that Kinestral formed with AGC, Inc., the largest glass manufacturer in the world, to ensure worldwide distribution from day one.

    “With Halio™ smart-tinting glass, architects, designers, and builders can more easily create beautiful, comfortable, and sustainable spaces,” said S.B. Cha, CEO of Kinestral Technologies, Inc. “GPB Capital’s investment will significantly aid us in commercially launching a product that has the potential to revolutionize the construction industry—and in the process, help people harness sunlight in ways that improve quality of life.”

    Kinestral will use proceeds from GPB Capital’s investment to repay a small term loan, expand production capabilities in the U.S. and Taiwan, and fund corporate working capital.
    GPB Capital’s debt investment in Kinestral consists of a $31.2 million senior secured note scheduled to mature in May 2020. The note’s proceeds will be distributed in two tranches, with $20.8 million released upfront. The remaining $10.4 million is on track to be deployed by December 31, 2018, subject to Kinestral reaching certain revenue targets.

    Senior Secured Note’s Proceeds Will Provide Kinestral with Capital to Formally Launch its Halio™ Smart-Tinting Window Glass

    NEW YORK- GPB Capital has completed a debt investment in Kinestral Technologies, Inc., a developer and manufacturer of Halio™ smart-tinting glass for windows in homes and office buildings. The investment’s proceeds will enable Kinestral to bring its innovative natural light management system to market.

    The investment in Kinestral is part of GPB Capital’s ongoing strategy to provide senior secured loans to empower small and midsize businesses to reach a new phase of growth and profitability. To learn more about GPB Capital’s debt investment strategy, please visit: http://gpb-cap.com/our-strategies/debt-strategies/.

    “By offering an intelligent and sustainable way to control natural light, Kinestral’s technology has the potential to change how people around the world live and work,” said Evan Myrianthopoulos, Managing Partner with GPB Capital responsible for the firm’s Debt Strategies. “We are glad to support Kinestral at this critical time for the company, and work closely to make the rollout of Halio™ smart-tinting glass as smooth and productive as possible.”

    California-based Kinestral’s Halio (https://www.kinestral.com/) is next-generation electrochromic technology. It differs from earlier technologies in three key ways: it reaches maximum tint in less than three minutes; it tints uniformly (no more curtain or iris effect); and in its clear state, it looks like ordinary, clear glass until it tints to cool shades of gray. Halio windows can be fully automated in response to the sun’s position, time of day, or other user-specified criteria, and they can also be manually controlled. Manual controls include wall switches and a mobile app. Halio can be integrated with building management and home automation systems, as well as with cloud-based devices. Halio smart-tinting glass is sold exclusively through Halio North America and Halio International, joint venture companies that Kinestral formed with AGC, Inc., the largest glass manufacturer in the world, to ensure worldwide distribution from day one.

    “With Halio™ smart-tinting glass, architects, designers, and builders can more easily create beautiful, comfortable, and sustainable spaces,” said S.B. Cha, CEO of Kinestral Technologies, Inc. “GPB Capital’s investment will significantly aid us in commercially launching a product that has the potential to revolutionize the construction industry—and in the process, help people harness sunlight in ways that improve quality of life.”

    Kinestral will use proceeds from GPB Capital’s investment to repay a small term loan, expand production capabilities in the U.S. and Taiwan, and fund corporate working capital.
    GPB Capital’s debt investment in Kinestral consists of a $31.2 million senior secured note scheduled to mature in May 2020. The note’s proceeds will be distributed in two tranches, with $20.8 million released upfront. The remaining $10.4 million is on track to be deployed by December 31, 2018, subject to Kinestral reaching certain revenue targets.

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