Alpha HPA (ASX:A4N) has reached contractual close for a AU$400 million debt funding package with the Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA) to support Stage 2 of its HPA First Project, according to a Tuesday filing with the Australian bourse.
The funding, secured through a Syndicated Facility Agreement by Alpha's unit Solindo, will be provided on an equal basis by NAIF and EFA under the Australian Government's Critical Minerals Facility, the filing said.
The terms of the agreement are favorable to the company, the filing added.
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