Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF, FRA:H5W)'s (LON:HZM) (TSE:HZM) chief executive Jeremy Martin speaks to Proactive London about securing a syndicate of five institutions who gave the final credit approvals which is a big step towards in starting construction of its Araguaia nickel mine in Brazil.
A senior debt finance facility of US$346mln was arranged through the five lenders plus two export credit agencies (ECAs).
The five senior debt lenders are BNP Paribas, ING Capital, Natixis, Société Générale and Swedish Export Credit Corporation (SECC) while the ECAs are EKF, Denmark's export credit agency, and Finnvera PLC, Finland's export credit agency.