Terms
- Announced
- 16 May 2025
- Instrument
- Debt
- Amount
- US$9.00mReported as US$9m loan secured on a US$10m cash escrow from the Schmidt Family Foundation
- Source
- prnewswire.com
Parties
- Project developer
- Mati Carbon
- Country
- India, Sub-Saharan Africa
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis JPMorgan Chase Lender US$9.00m Sole provider: the whole transaction The Schmidt Family Foundation Credit support Not credited Credit support, not a provider of capital
Carbon
- Pathway
- Enhanced rock weathering
- Backed by offtakes from
Structure and cover
- Structure flag
- Non-carbon collateral
What happened
- US$9m loan allegedly backed by US$10m cash escrow account from the Schmidt Foundation
Kumo note
- US$9m loan understood to be secured on a US$10m cash escrow from the Schmidt Family Foundation, so lending against a cash escrow account rather than against carbon revenue. Credit support: the Schmidt Family Foundation.
Know more about this transaction?
Tell us what is missing or wrong, and where you read it.
Next step
Capital Connections
Meet the other side of deals like these.
Kumo introduces assessed projects to capital providers whose mandate fits, whichever side you are on.
Get started
Free to explore. No card required.
Terminal
Compare the transactions behind these figures.
Pricing, structures and comparables across Kumo's carbon finance dataset.
Explore the Terminal