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October 27, 2016

Dallas, TX – CarbonLITE Holdings, LLC (“CarbonLITE” or the “Company”), one of the largest producers of food-grade post-consumer recycled polyethylene terephthalate (“pcrPET”) resins in the world, has issued $50,000,000 in Solid Waste Disposal Revenue Bonds. The proceeds of the financing will be used to finance the construction, installation, improvement and equipping of a new pcrPET plastic beverage container processing facility in Dallas, Texas. FocalPoint Securities, LLC (“FocalPoint”) served as financial advisor to CarbonLITE and consultant on the issue, and Westhoff, Cone & Holmstedt (“WCH”) served as the Underwriter of the Bonds.

“Expanding into Texas and deepening our partnership with NestlĂ© is an important step in our vision to make bottle-to-bottle recycling the standard for the industry,” said Leon Farahnik, Chairman and CEO of CarbonLITE. “FocalPoint and WCH were able to identify a creative approach to financing the construction of our plant. FocalPoint surpassed our expectations both from a cost of capital standpoint and in securing long term (17 year) capital.”

Rajesh Sood
, Managing Partner of FocalPoint noted, “We are very pleased to have assisted CarbonLITE in this financing and the development of their new facility. This was a unique transaction for FocalPoint’s Debt Capital Markets practice and one of the first major public bond issuances for the construction of a plastic bottle recycling facility. The transaction further illustrates our ability to provide creative solutions for our clients. We wish CarbonLITE tremendous success with this new project.”

“With the help of FocalPoint and CarbonLITE, we were able to get investors comfortable with the industry and provide them with the information and analysis they needed to make their investment decisions,” said Mark Holmstedt, founder of WCH. “As a result, the CarbonLITE bond issuance was oversubscribed.”

About CarbonLITE Holdings

CarbonLITE is the foremost “bottle-to-bottle” PET plastic recycler in the United States and is based in Century City, CA. The Company’s new state-of-the-art PET recycling facility in Texas will complement its existing facility in Riverside, CA. Combined, the two facilities are capable of processing up to 200 million lbs. of PET bottles per year. The Company’s closed-loop recycling solution leads the market in material efficiency and purity and is the leading choice for some of the largest and most respected consumer beverage companies in the world.
For more information on CarbonLITE, visit carbonliterecycling.com.

About Westhoff, Cone & Holmstedt

Westhoff, Cone & Holmstedt, located in Walnut Creek, CA, is a FINRA and SEC registered Underwriter, Municipal Advisor, and Remarketing Agent . WCH’s areas of financial expertise include solid waste disposal, recycling, and waste-to-energy projects, including private activity bonds; land-secured debt funding infrastructure in support of residential, commercial, and mixed-use development; public and private education including charter schools; regional centers; mobile home parks and low-income housing; and a full range of capital needs related to state and local government finance. For more information on WCH, visit wcah.com.

About FocalPoint Partners

FocalPoint, celebrating its 15 year anniversary, is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle market clients throughout the U.S. Since its inception in 2002, FocalPoint has completed approximately $5 billion in transactions. For more information about FocalPoint Partners, visit focalpointllc.com.

Please contact Rajesh Sood , Managing Partner, at (310) 405.7050 or Gayane Kirakosyan , Director, at (310) 405.7002 with questions about this transaction.