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Horizonte gets loans for Araguaia ferro-nickel project

Debt financing in place for development

Paul Harris
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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