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News and Announcements

Altech Chemicals Project Funding Update

  • Published November 19, 2015 12:29PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

19th November 2o15, ASX Announcement

Highlights:

  •  Letter of Interest (LOI) for project financing received from German bank
  • ECA: Interest in senior-debt project financing utilising German export credit insurance cover
  • Highly experienced international project and export finance specialist

Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to provide an update on the progress of financing activities for its proposed high purity alumina project (HPA Project).

Following a series of meetings, a major German bank has submitted a Letter of Interest (LOI), expressing its interest to arrange senior-debt project financing for the Company’s HPA Project. The LOI contemplates senior-debt project financing that will maximise the use of export credit insurance cover under the German federal government backed project finance federal export guarantees.

The bank is a leading German export and project finance specialist with experience in the debt financing of mining and chemical projects worldwide, also in the Asia-Pacific region and projects similar to Altech’s proposed HPA Project.

To read the full announcement, please click here

 

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