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Highfield Resources secures €320.6 million in senior secured project financing for Muga development
October 24, 2022
Highfield Resources Ltd (ASX:HFR) has secured credit approval for €320.6 million (~A$495.9 million) in senior secured project financing that will help fund the construction and development of its 100%-owned Muga Potash Project in Spain.
The company has received credit approvals from a syndicate of four international financial institutions acting as Mandated Lead Arrangers (MLAs) including BNP Paribas (EPA:BNPP) S.A., ING Bank N.V., Natixis CIB and Societe Generale (EPA:SOGN) (London Branch).
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