Permian Global - Morgan Stanley Capital Group prepayment (Kuamut, Dec 2025)

Terms

Announced

4 Dec 2025

Instrument

Debt · StreamingCapital advanced now against a share of the credits the project delivers later.

Amount

Undisclosed

Source

find-and-update.company-information.service.gov.uk

Parties

Project developer

Permian Global

Country

United Kingdom

Capital providers

Capital providers and the amount counted for each

Party	Role	Amount	Basis
Morgan Stanley Capital Group Inc.	Pre-purchaser	Undisclosed	No value disclosed

Carbon

Pathway

Improved forest management

What happened

A security deed (Companies House charge 0604 0296 0004, dated 4 December 2025, "executed as a deed and delivered" and delivered to the registry on 11 December 2025) granted by Permian Global Research Limited secures a sale and purchase agreement for verified carbon units under which Morgan Stanley Capital Group Inc. is the buyer and Permian Global Research Limited the seller. The secured obligations include "any further prepayments", so the facility reads as a prepayment against future credits from the Kuamut Rainforest Conservation Project (Verra VCS 2609, Sabah, Malaysia). No party has announced the transaction; the amount, volume and tenor are not on the public record.

Kumo note

Registry-sourced (no party has announced it): a security deed filed at Companies House (charge 0604 0296 0004, dated 4 December 2025) secures a sale and purchase agreement for verified carbon units, with Morgan Stanley Capital Group Inc. as buyer and Permian Global Research Limited as seller (the secured obligations include "any further prepayments", so this reads as a prepayment against future Kuamut credits, although the amount, volume and tenor are not on the public record). The security is an assignment and fixed charge over the proceeds accounts and the Verra marketing agreement, plus an assignment and floating charge over the Kuamut credits held in Permian's Verra account, with a negative pledge (until an enforcement event, Permian can keep operating the account and delivering credits).

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