12
Aug
04:51
Nickel Industries raises funds for Indonesia Nickel acquisition
Australian nickel producer Nickel Industries is raising $225 million debt capital for its acquisition of the Indonesia-based Oracle Nickel project, Kallanish notes.
The firm is executing the binding agreements for the issuance of $225m of senior secured notes at an interest rate of 10%, maturing in August 2025.
Proceeds from the notes will, along with the company’s cash reserves and future earnings from existing operations, be applied towards the remaining…
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