Highfield Resources secures €25 million equipment lease facility with Macquarie

Highfield Resources Ltd (ASX:HFR) has received credit approval for an equipment operating lease facility with Macquarie Group worth up to €25 million (A$40.72 million).

Though the funding package allows for equipment purchases up to €27 million (A$43.97 million), the peak exposure is not expected to exceed €25 million.

Nevertheless, the financing allows Highfield to purchase the necessary underground mining equipment for the Muga potash project — located in northern Spain — and is in addition to a €320.6 million (A$522.14 million) project financing package provided by BNP Paribas, ING Bank, Natixis CIB and Societe Generale.

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