Altech secures first indicative funding offer

AN UNIDENTIFED global investment banking group has completed extensive preliminary due diligence and is prepared to advance Altech Chemicals up to US$120 million, with an indicative mezzanine debt term sheet received by the Iggy Tan-run company overnight.

Altech secures first indicative funding offer Altech secures first indicative funding offer Altech secures first indicative funding offer Altech secures first indicative funding offer Altech secures first indicative funding offer
 
The funding, which comes on the heels of a US$190 million senior debt package with German government-owned KfW IPEX-Bank, is aimed at fully funding the $298 million development of a kaolin mine

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