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.
Read the article online at: https://www.worldfertilizer.com/project-news/05032021/salt-lake-potash-completes-debt-syndication-with-sequoia-and-commonwealth-bank-of-australia/
You might also like
Sulfuric acid poses a persistent threat to the structural integrity of critical equipment used in the fertilizer industry. For corrosion protection, fertilizer producers can rely on a single source using fluoropolymers, dual laminates and acid-resistant mortars and bricks. Case studies can supply credible examples of the solution’s long-lasting success in challenging applications.