SIMEC Atlantis has materially de-risked the Uskmouth conversion project with a framework agreement to fund 100% of phase 1 with a secured loan. Together with the recently announced investment in the fuel supply company, SIMEC Atlantis is now well placed to move towards financial close on the Uskmouth project in line with our expected timetable. We have updated our forecasts for the new investment and the recent results. Our central case valuation now reflects these and an assumed 100% debt finan ....
24 Aug 2020
SIMEC Atlantis - Uskmouth Financing Agreement
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SIMEC Atlantis - Uskmouth Financing Agreement
SIMEC Atlantis Energy Ltd. (SAE:LON) | 0.8 0 0.0% | Mkt Cap: 6.14m
- Published:
24 Aug 2020 -
Author:
Adam Forsyth -
Pages:
7
SIMEC Atlantis has materially de-risked the Uskmouth conversion project with a framework agreement to fund 100% of phase 1 with a secured loan. Together with the recently announced investment in the fuel supply company, SIMEC Atlantis is now well placed to move towards financial close on the Uskmouth project in line with our expected timetable. We have updated our forecasts for the new investment and the recent results. Our central case valuation now reflects these and an assumed 100% debt finan ....