ATOME PLC (AIM:ATOM) (AIM: ATOM) said it has signed definitive debt financing documents for a US$420 million debt package to help fund the US$650 million, 260,000 tonnes-per-year Villeta low‑carbon fertiliser plant.
The financing is a 15-year facility provided by a consortium comprising IDB Invest, the International Finance Corporation (IFC), the European Investment Bank (EIB), FMO and the Green Climate Fund (GCF).
The project’s US$244 million equity requirement is in final negotiations and is expected to be signed within 30 days, after which construction is planned to commence.
Peter Levine, Chair of ATOME PLC, said: "We are sincerely grateful to the Lenders for their tremendous support for this flagship project which ATOME has originated, developed, and is expected by them to continue to manage on behalf of the lending and equity funders."
