Subject: CON
V3 Commodities Announces $25 Million Facility For Rockies Power and Gas Retailer
HOUSTON, Oct. 8, 2018 /PRNewswire/ -- V3 Commodities Group Holdings, LLC ("V3") today announced that it has closed a $25,000,000 wholesale supply and credit facility with nTherm, LLC ("nTherm"), 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."
About nTherm, LLC
nTherm, a retail and wholesale natural gas marketing and trading firm, is headquartered in Denver Colorado. The company has expanded rapidly since 2016 by providing the highest quality natural gas supply and management services available in the industry. nTherm is well-known for its progressive, customized business and financial solutions that are yielding impressive results for their customers. High Roller Group, an operational holding company with offices in Center and Dallas, Texas, has been a capital partner with nTherm since 2016.
About V3 Commodities Group, LLC
V3 provides capital, supply and risk management services to retail energy providers operating in the deregulated North American energy markets. V3's principal areas of focus are:
- Trade credit and growth capital facilities;
- Electricity and natural gas supply, including shaped and full requirements products; and
- Risk management, natural gas logistics for producers and end users and other physical market services.
V3 is based in Houston and maintains offices in New York and Baltimore.
For more information, please visit http://v3cg.com/
Contact: Paul Hamilton - [email protected]
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SOURCE V3 Commodities Group Holdings, LLC
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