Horizonte gets loans for Araguaia ferro-nickel project

Debt financing in place for development

Horizonte Minerals' Araguaia in Brazil

Horizonte Minerals' Araguaia in Brazil

The first tranche the company arranged with export credit agencies is for $146.2 million with a 10.5 year term at LIBOR +1.80%. The second tranche of $200 million is over 8.5 years at LIBOR +4.25-4.75%....

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