RE: 2-3p is on atβ¦5 Oct 2025 15:48
2p+ on sign off this week imo. The 2 Banks will have signed off their $240M by Tuesday followed by the Equity risk capital. I'm expecting the RNS confirming Project finance approval by the end of the week but it could be earlier if the banks have already signed. Almost time to get excited and looking forward to posting 'Boom!'π
RNS 30 Sept 2025: Debt facility: The expanded facility of US$240 million, which has been formally offered by the co-lenders and accepted by KEFI and its local subsidiaries, is expected to be signed within the coming week. Detailed facility and account opening documentation will then be executed as we complete arrangements with the proposed investors of equity-risk capital.
Equity-risk capital: The US$100 million is being assembled primarily at the subsidiary company level. A significant portion has already been secured, with US$20 million from the Government of Ethiopia, US$10 million already invested by KEFI and c.US$10 million of KEFI share participation post-closing in respect of closing fees and costs. The remaining US$60 million is currently being finalised and KEFI has received conditional proposals that exceed this amount.