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Salt Lake Potash completes debt syndication with Sequoia and Commonwealth Bank of Australia

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World Fertilizer,

Salt Lake Potash Limited has announce the successful syndication of its US$138 million Senior Debt Facility, with Sequoia Economic Infrastructure Income Fund (SEQI) and the Commonwealth Bank of Australia (CBA) joining the facility.

SEQI and CBA will invest US$39 million and US$25 million respectively into the facility, complimenting existing investments led and arranged by Taurus Mining Finance Fund No. 2 L.P (Taurus) and the Australian Government’s Clean Energy Finance Corp. (CEFC).

Following the syndication, the Taurus investment will be reduced to US$35 million (from US$91 million) and CEFC to US$39 million (from US$47 million).

“I am extremely pleased to welcome SEQI, an experienced global debt investor, and leading Australian bank CBA, into our Senior Debt Facility. The breadth and quality of investors that have been attracted to this facility is testament to the robust financial characteristics and positive environmental credentials of the project and its proficient execution by the SO4 team. We look forward to continuing our relationship with Sequoia and CBA as we pursue our vision of a multi-lake SOP province in WA”, said Tony Swiericzuk, CEO.

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