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Highfield Resources welcomes additional lenders for Muga Potash Project financing

April 17, 2023

Highfield Resources Ltd (ASX:HFR) has signed definitive documentation from HSBC Continental Europe and Caja Rural de Navarra to join the €320.6 million senior secured project financing package for development of the company’s flagship Muga Potash Mine in Spain.

In addition to the existing four international financial institutions acting as mandated lead arrangers, BNP Paribas S.A., ING Bank N.V., Natixis CIB and Societe Generale, HSBC Continental Europe and Caja Rural de Navarra have joined the senior facilities as lenders.

Looking ahead, Highfield continues to make progress in negotiations with potential strategic investors and on the €23.3 million equipment operating lease facility with Macquarie.

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