Salt Lake Potash has drawn down the final US$33m tranche of its US$138m Senior Debt Facility, with US$11m escrowed for early repayment in June 2022. The A$18m Guarantee Facility with Sequoia has also been executed. The last year has been volatile for Salt Lake Potash as it built and financed the first brine SOP project in Australia. Commissioning activities continue at site with first SOP still on track for this month. Construction of on-lake infrastructure has commenced with ramp-up over the ye ....
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Cenkos: Salt Lake Potash Ltd -- Final funds drawn
- Published:
10 Jun 2021 -
Author:
Will Dymott -
Pages:
13
Salt Lake Potash has drawn down the final US$33m tranche of its US$138m Senior Debt Facility, with US$11m escrowed for early repayment in June 2022. The A$18m Guarantee Facility with Sequoia has also been executed. The last year has been volatile for Salt Lake Potash as it built and financed the first brine SOP project in Australia. Commissioning activities continue at site with first SOP still on track for this month. Construction of on-lake infrastructure has commenced with ramp-up over the ye ....