logo-loader
viewSIMEC Atlantis Energy

SIMEC Atlantis Energy seals deal to finance 100% of Uskmouth Phase 1 project

SIMEC Atlantis Energy Limited's (LON:SAE) Tim Cornelius explain's to Proactive what the debt financing deal with South Korean financial institution Hana Financial Investment means for the Uskmouth Phase 1 project. Cornelius says the debt facility will provide the company with up to £170mln and Hana will also provide an equity bridge loan. The deal also opens the door for a 'Phase 2' operation and further expansion into South Korea.

Quick facts: SIMEC Atlantis Energy

Price: 23.5 GBX

AIM:SAE
Market: AIM
Market Cap: £115.52 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of SIMEC Atlantis Energy named herein, including the promotion by the Company of SIMEC Atlantis Energy in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Market report: FTSE is mixed as UK shoppers head back to high street but...

The FTSE opened in positive territory this Friday morning as UK retail sales rose above pre-pandemic levels in July. According to The Office for National Statistics volumes rose by 3.6% between June and July. With clothing sales gaining last month and people spending more money on petrol. The...

on 21/8/20

2 min read