I’d like to personally invite you to join me and the Greater Cincinnati Association for Corporate Growth and the Greater Cincinnati Venture Association as we host Eddie Lehner, CFO, SeverCorr on Wednesday, March 14.
Eddie is both a personal friend and former customer. The deal at the heart of his topic, Raising $900M To Build A Steel Company in Rural Mississippi, was named the 2005 “Deal of the Year” by Project Finance Magazine. The topic comes at a time when U.S. manufacturing industries and the surrounding issues of outsourcing and jobs are on the minds of the American public, corporate management, and elected representatives.
SeverCorr will use low-cost technology to produce high-quality steel, a market largely served by U.S. Steel, Mittal Steel and AK Steel, which employ more expensive techniques. If successful, SeverCorr could prompt a whole new wave of steel industry investment in the United States. SeverCorr believes it has other advantages over its northern rivals: It's non-union and strategically located near several automotive manufacturing facilities.
SeverCorr has been recognized for the unique way in which the financing was structured. The majority of the vendor payments are linked to the long-term performance of SeverCorr. GE Commercial Finance has backed the plant with over $440 million.
Eddie has local roots – earning his degree from UC and starting his career in Cincinnati’s Deloitte & Touche office.
I’m excited about the opportunity to hear Eddie speak and hope you can join me Wednesday, March 14 at the Hilton Cincinnati Netherland Plaza’s Hall of Mirrors! Registration is at 11:30, followed by the luncheon and presentation from 12 to 1:30 p.m.
You can easily register by calling 866-500-ACGC or visiting www.acgcincinnati.org for secure online registration. Please feel welcome to invite anyone who you think would enjoy hearing Eddie’s insights.
See you there!
Krissi Barr
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