Allkem Limited increases SDV project financing by US$50 million

Allkem Limited (ASX: AKE) has announced that its existing International Financing Corporation (IFC) project financing for the Sal de Vida Project (SDV) in Catamarca Province, Argentina, has been augmented by an additional US$50 million from IDB Invest. The initial IFC project financing for the SDV Stage 1, signed in July 2023, amounted to up to US$130 million.

IDB Invest's additional long-term financing aligns with IFC terms, supporting sustainable development by international environmental and social standards. The increased project financing of US$180 million retains its green and sustainability-linked structure, acknowledging Allkem's high ESG (Environmental, Social, and Governance) standards at Sal de Vida. IFC and IDB Invest's recognition through sustainability-linked, green loans further validate the project's commitment to these standards.

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