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News and Announcements

Altech Chemicals Quarterly Activities and Cashflow Report

  • Published October 31, 2016 3:51PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

31st October 2016, ASX Announcement

HIGHLIGHTS

Altech targets increased project debt of US$70 million

  • Altech targeting total project debt of US$70m
  • Export credit cover component increased to US$60m
  • Uncovered debt portion of up to US$10m
  • Simplified sole lender structure proposed for the US$70m of debt by KfW IPEX-Bank

Positive pre-assessment of Altech’s US$60m export credit application

  • Positive pre-assessment of ECA application by German inter-ministerial committee
  • Important milestone in the credit cover application assessment process
  • Initiates project detailed due diligence

Appointment of due diligence consultants

  • Lenders’ due diligence consultants appointed
  • Technical, market and legal due diligence commenced
  • Due diligence initiation meeting held in Stuttgart, Germany
  • Site visits to Meckering and Johor completed

To view the full announcement, please click on the button below.

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