BALTIMORE, Jan. 7, 2020 /PRNewswire/ -- MMA Capital
Holdings, Inc. (Nasdaq: MMAC) ("MMA Capital" or the
"Company") today announced the repayment of financing which
the Company provided to affiliates of Hunt Investment Management,
LLC (collectively, "Hunt"), its external manager, on
January 8, 2018, in connection with
the sale of various businesses and assets (the "MTA Note"),
which was further amended on December
20, 2019. Specifically, on January 3, 2020, Hunt made a $53.6 million prepayment of principal and
interest on the MTA Note and, in connection with this prepayment,
the MTA Note was terminated.
Michael Falcone, MMA Capital's
Chief Executive Officer stated, "In continuation of the previously
announced transactions entered into in December, we are pleased to
announce the full repayment and termination of the MTA Note.
The repayment creates financial flexibility for the Company as we
manage our capital requirements and seek to maximize shareholder
value."
About MMAC
MMA Capital invests in debt associated with renewable energy
infrastructure and real estate. MMA Capital is externally managed
and advised by Hunt Investment Management, LLC, an affiliate of
Hunt Companies, Inc. For additional information about MMA Capital
Holdings, Inc. (Nasdaq: MMAC), please visit MMA Capital's website
at www.mmacapitalholdings.com. For additional
information about Hunt Investment Management, LLC, please see its
Form ADV and brochure (Part 2A of Form ADV) available at
https://www.adviserinfo.sec.gov.
Cautionary Statement Regarding
Forward-Looking Statements
This Release contains forward-looking statements intended to
qualify for the safe harbor contained in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements regarding the Credit Agreement and
other statements identified by words such as "may," "will,"
"should," "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," "seek," "would," "could," and similar words or
expressions and are made in connection with discussions of future
events and operating or financial performance.
Forward-looking statements reflect our management's
expectations at the date of this Release regarding future
conditions, events or results. They are not guarantees of future
performance. By their nature, forward-looking statements are
subject to risks and uncertainties. Our actual results and
financial condition may differ materially from what is anticipated
in the forward-looking statements. There are many factors that
could cause actual conditions, events or results to differ from
those anticipated by the forward-looking statements contained in
this Release. For a discussion of certain of those risks and
uncertainties and the factors that could cause our actual results
to differ materially because of those risks and uncertainties, see
Part I, Item 1A, Risk Factors of our Annual Report on Form 10-K for
the year ended December 31, 2018
("2018 Annual Report"), filed with the United States Securities and
Exchange Commission to which reference is hereby made. All
forward-looking statements made herein are expressly qualified in
their entirety by these cautionary statements and there can be no
assurance that the actual results, events or developments
referenced herein will occur or be realized. Readers are cautioned
not to place undue reliance on forward-looking statements in this
Release or that we may make from time to time. We expressly
disclaim any obligation to revise or update any forward-looking
statements in this Release, whether as a result of new information,
future events or otherwise.
www.mmacapitalholdings.com
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SOURCE MMA Capital Holdings, Inc.