29
Aug
03:47
Nickel Industries completes notes issuance for Oracle project
Australian nickel producer Nickel Industries has completed the issuance of $225 million of senior secured notes at an interest rate of 10%, maturing 23 August 2025, Kallanish notes.
Proceeds from the notes will, along with the company’s cash reserves and future earnings from existing operations, be applied towards the remaining payment obligations for the Oracle Nickel project.
According to the group's managing director, Justin Werner, the completion …
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