Altech Chemicals, Quarterly Report - March 2018 | Finance News Network

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Altech Chemicals, Quarterly Report - March 2018

HIGHLIGHTS

Commitment and final terms executed for US$190m debt facility

- Loan terms documentation executed with KfW IPEX- Bank

- Total debt package US$190 million

- US$170m at long tenure and attractive terms (German government export credit cover)

- US$20m at commercial terms (5-year repayment)

Final stage of project financing advanced

- US$190 million senior debt package formalised with KfW IPEX-Bank

- Final Investment Decision Study (FIDS) due diligence data room established

- Mezzanine debt work stream commenced

- Joint venture option advanced

- Project equity work stream to target quality equity partners


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