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5E Advanced Materials Receives Letter of Interest for Up to $285 Million in Debt Financing from U.S. EXIM
Sep 30, 2024•over 1 year ago
Contract Type
partnership
HesperiaManufacturing
Description
5E Advanced Materials, Inc. has received a non-binding Letter of Interest (LOI) from the U.S. Export-Import Bank (EXIM) outlining the potential for the creation of a debt facility to backstop project debt financing of up to $285 million. The potential debt funding package would carry a repayment tenor of up to 15 years under EXIM’s Make More in America Initiative.
Company Information
Company
5E Advanced Materials
Location
Hesperia, Michigan, United States
About
5E Advanced Materials, Inc. is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production. The Company’s mission is to become a supplier of critical materials to industries addressing global decarbonization, food and domestic security.
HesperiaManufacturing