MRC Fundamental Matters Update
June 3, 2021

Dear Members,

We hope you all were able to enjoy a long Memorial Day weekend with your families. The weather may not have cooperated for some activities, but it allowed for many holiday observances to go forward, and perhaps the rain - which we need - allowed for a bit more relaxation.
 
Since June 2nd has passed, we wanted to let you know that the MRC received only one request from a member to meet for the purpose of considering a vote of members on the fundamental matters detailed in a May 3rd mailing to each MRC member and described at the MRC Virtual Quarterly Board Meeting on April 28th. As a result, in accordance with Section 4.2 of MRC’s bylaws, the MRC is positioned to execute the assignment and other related documents as presented to facilitate the sale of the Hampden facility. 
 
The bondholders and their trustee, Delta Thermo Energy, and the MRC are proceeding toward closure of the sale. Currently, the sale process is awaiting the purchaser’s approval and term sheet from the financer. We hope to provide a more complete update in the near future. 
 
As always, please feel free to contact our office with any questions.

Sincerely,

Michael Carroll
Executive Director

We appreciate the opportunity to provide Members with an update. If you have any questions, please contact Michael Carroll at 207-664-1700.
Address:
20 Godfrey Drive, Suite 213
Orono, ME 04473
Phone: 207-664-1700