Brief: Arafura Rare Earths Says Commonwealth Government Supports Nolans With $533M Package

Arafura Rare Earths

14/03/2024 02:46

March 14 (Reuters) - Arafura Rare Earths Ltd  ARU.AX :
    * COMMONWEALTH GOVERNMENT SUPPORTS NOLANS WITH US$533M
PACKAGE
    * COMMONWEALTH GOVERNMENT SUPPORTS NOLANS WITH US$533M
PACKAGE
    * COMMONWEALTH GOVERNMENT CONDITIONALLY APPROVES US$533
MILLION
DEBT FINANCE PACKAGE
    * GOVERNMENT SUPPORT IS A CATALYST TO ADVANCE REMAINING DEBT
AND
EQUITY FUNDING REQUIREMENTS FOR PROJECT
    * COMMONWEALTH DEBT FINANCE PACKAGE INCLUDES A US$125
MILLION
LIMITED-RECOURSE SENIOR DEBT FACILITY
    * REMAINS FOCUSED ON DELIVERING LONG-TERM OFFTAKE STRATEGY
FOR
NOLANS PROJECT
    * APPROVALS ARE PART OF A BROADER FINANCING PACKAGE ARAFURA
IS
CURRENTLY PROGRESSING
    * EFA WILL ALSO PROVIDE A SUBORDINATED STANDBY LIQUIDITY
FACILITY
OF UP TO US$200 MILLION

Further company coverage:  ARU.AX 

 ((Reuters.Briefs@thomsonreuters.com;))