Energy Improvement Corporation Announces $75 Million Agreement with Bank America Merrill Lynch

May 28th 2014

Yorktown Heights, NY: The New York State based Energy Improvement Corporation (“EIC”) announced today the signing of a Letter of Intent with Bank of America Merrill Lynch that acknowledges EIC’s acceptance of BofA Merrill’s offer to provide $75mm in capital to EIC’s Energize NY Property Assessed Clean Energy (“PACE”) Finance Program. This transaction is a significant milestone for EIC and represents one of the first PACE program financing arrangements from a leading global financial institution. Read full press release here.