News and Announcements
Altech Targets US$70m Project Debt for Malaysian HPA Plant
- Published August 17, 2016 4:56PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
17th August 2016, ASX Announcement
Highlights:
- Altech targeting total project debt of US$70 million
- Export credit cover (ECA) component increased to US$60 million
- Residual debt component now up to US$10 million
- Sole lender structure proposed for the entire debt portion of up to US$70 million
- Simplified debt financing and attractive ECA-covered component
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to announce that the Company’s targeted debt financing for its proposed Malaysian high purity alumina (HPA) project has increased to US$70 million (previously $60 million).
The export credit cover (ECA) component to be covered by the German export credit agency (ECA), Euler Hereme Aktiengesellschaft (Euler Hermes) has increased from US$40 million to US$60 million.
To view the full announcement, please click on the button below.
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