Macquarie Approves $29.44MM Operating Lease Facility for Mining Equipment for Highfield Resources

Highfield Resources received credit approval from Macquarie Group for an equipment operating lease facility that allows the company to purchase equipment with a total value of up to €27 million ($29.44 million), with the peak exposure not expected to exceed €25 million ($27.26 million).

The facility will provide lease financing for units of underground mining equipment to support Highfield’s Muga potash project and was obtained in addition to company’s €320.6 million ($349.34 million) senior secured project financing package.

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