Altech introduces another undisclosed backer of HPA project

HAVING got a US$190 million debt facility in February and an offer for $90 million from an undisclosed investment bank last month, HPA project developer Altech Chemicals is now looking at adding a $60 million streaming facility into the mix for funding the planned $298 million Meckering and Johor venture.

Altech introduces another undisclosed backer of HPA project Altech introduces another undisclosed backer of HPA project Altech introduces another undisclosed backer of HPA project Altech introduces another undisclosed backer of HPA project Altech introduces another undisclosed backer of HPA project

If funding plays out as planned the lights will go on at Altech venture.

The indicative and non-binding term sheet for the streaming facility features an undisclosed US-based "alternative investment group" with $4.5 billion under management.

 

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