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T-REX And Renovate America Partner On PACENEW YORK and SAN DIEGO, June 23, 2016 /PRNewswire/ -- T-REX, a fintech company focused on renewable energy financial analytics, and Renovate America, the nation's leading provider of residential Property Assessed Clean Energy (PACE) financing, today announced a partnership through which T-REX will provide the analytics and structuring platform for Renovate America's capital markets transactions. "This partnership brings together the clear market leader in PACE origination and securitization with the top player in renewable energy fintech, creating synergies to benefit the entire PACE market," said Benjamin Cohen, CEO and founder of T-REX. "We are eager to work with the world-class team at Renovate America to make the structuring of their securities more efficient and accessible to the global institutional investor community." Under the scope of the partnership, Renovate America will use T-REX's proprietary fintech platform to interface with and educate investors and key market participants. The T-REX platform will enable quick, simple analysis of data around Renovate America's HERO PACE bond transactions. "T-REX's platform will make our transactions transparent and available to an increasingly broad group of investors," said Adam Garfinkle, Senior Vice President of Capital Markets at Renovate America. "PACE is a relatively new asset class, so it is critical for the investor community to have access to the right information to understand the value of these securities." Renovate America's HERO securitization platform is the first asset-backed securities (ABS) platform to solely produce green bonds, with each of the company's seven securtizations assessed by a second opinion provider. Renovate America has issued $1.35 billion in ABS through these seven transactions. "By optimizing transaction efficiency and structuring, this partnership will help to further educate capital markets players on PACE and renewables assets in general," said Cohen. T-REX will aggregate, analyze, and index market data on transactions to provide key insights to the market." About T-REX For more information, visit www.trexgroup.com or connect with the company on Twitter and LinkedIn. About Renovate America Logo - http://photos.prnewswire.com/prnh/20150729/249205LOGO Logo - http://photos.prnewswire.com/prnh/20160623/382824LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/t-rex-and-renovate-america-partner-on-pace-300289358.html SOURCE Renovate America |