Altech Chemicals Announces Project Finance Debt Package Increased to US$190 Million | Finance News Network

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Altech Chemicals Announces Project Finance Debt Package Increased to US$190 Million

Highlights

• Total debt package increased to US$190 million
• Export credit cover increased to US$170 million
• Credit approval received from KfW IPEX-Bank
• Long tenor and at attractive terms

Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that German government owned KfW IPEX-Bank has advised the Company of credit approval for a total project finance debt package of US$190 million for its high purity alumina (HPA) project.


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