ARU 2.50% 19.5¢ arafura rare earths ltd

This loan is not required; the loan is shaped in US dollars...

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    This loan is not required; the loan is shaped in US dollars outlined and being the bulk from (a) and (b) below:

    a. Australian Government
    b. Canadian Government
    c. Korean Government
    d. Small amount from commercial lenders.

    The Euler Hemes piece is only a loan guarantee, and covers off (d) above. Around US$75M

    The Koreans supply US$75M loan and also guarantee an equal amount.

    In the end, ARU had too much debt funding, so had choices with regard to terms and conditions - and went with point (a-d) above.

    Last edited by Birchcorp: 20/06/24
 
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