Salt Lake Potash has mandated Taurus to provide US$150m (A$214m) project financing for the Lake Way Project. This will provide approximately 90% of the A$237m scoping study capital estimate. It will be a staged financing facility with the 12-month Stage 1 Facility US$30m (cA$43m), 9.75% interest rate and 0.5% NRR, for early construction works for the Lake Way Project and completion of the BFS. This will then be refinanced into a 6-year Project Development Facility of US$150m (cA$214m) with a 9% ....
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Cenkos: Salt Lake Potash Ltd - Lake Way Financing Secured
- Published:
05 Aug 2019 -
Author:
Will Dymott -
Pages:
4
Salt Lake Potash has mandated Taurus to provide US$150m (A$214m) project financing for the Lake Way Project. This will provide approximately 90% of the A$237m scoping study capital estimate. It will be a staged financing facility with the 12-month Stage 1 Facility US$30m (cA$43m), 9.75% interest rate and 0.5% NRR, for early construction works for the Lake Way Project and completion of the BFS. This will then be refinanced into a 6-year Project Development Facility of US$150m (cA$214m) with a 9% ....