Altech Chemicals: Advances financing activities for Malaysia HPA project

Altech Chemicals Advances financing activities for Malaysia HPA project

• Altech Chemicals (ATC) advances project financing activities for its Malaysia high-purity alumina (HPA) project
• The company confirmed Germany-based KfW IPEX-Bank’s commitment to a senior loan facility of US$190 million (A$273 million)
• In addition, ATC progresses discussions to finalise a US$144 million green bond offering with Bedford Row Capital and Bluemount Capital
• The company says it has faced recent headwinds in securing project financing due to current “challenging” conditions in equity and financial markets
• Altech shares close 1.54 per cent lower at 6.4 cents per share