5E Advanced Materials Receives Letter Of Interest For Up To $285M In Debt Financing From U.S. EXIM
5E Advanced Materials Receives Letter Of Interest For Up To $285M In Debt Financing From U.S. EXIM
HESPERIA, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company in southern California, announced that it received a non-binding Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM"). The LOI outlines the potential for the creation of a debt facility to backstop project debt financing of up to $285 million, which would be utilized for commercial scale development and construction of 5E's Boron Americas Complex. The potential debt funding package would carry a repayment tenor of up to 15 years under EXIM's Make More in America Initiative. 5E's Boron Americas Complex is designated as Critical Infrastructure by the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency.5E's project qualifies under the Export-Import Bank of the United States' Make More in America Initiative
5E的项目符合美国进出口银行《更多制造更多美国》倡议。
Letter of Interest will consider potential future funding of $285 million of 5E's project costs
感兴趣函将考虑对5E项目成本28500万美元的潜在未来资助。
Initial program qualification is based on U.S. exports of boric acid and the number of U.S. jobs created
初始计划资格是基于硼酸的美国出口以及创造的美国工作岗位数量。
HESPERIA, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (NASDAQ:FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company in southern California, announced that it received a non-binding Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM"). The LOI outlines the potential for the creation of a debt facility to backstop project debt financing of up to $285 million, which would be utilized for commercial scale development and construction of 5E's Boron Americas Complex. The potential debt funding package would carry a repayment tenor of up to 15 years under EXIM's Make More in America Initiative. 5E's Boron Americas Complex is designated as Critical Infrastructure by the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency.
2024年9月30日加州，赫斯珀里亚（HESPERIA）— 5E高级材料公司（纳斯达克：FEAM）（ASX：5EA）（“5E”或“公司”），一家位于加州南部的硼和锂公司宣布，已获得美国进出口银行（“EXIM”）发出的一份非约束性意向函（“LOI”）。 该意向函概述了为5E的硼美洲综合体项目债务融资提供担保的潜力，最高可达28500万美元，将用于5E硼美洲综合体的商业规模开发和施工。潜在的债务融资包将根据EXIM的“更多制造更多美国”倡议，最长可达15年的还款期。5E的硼美洲综合体被美国国土安全部网络安全和基础设施安全局指定为关键基础设施。
