Danakali ESG Framework
Funding Overview
US$250M of funding provides the majority
of development capital, subject to satisfaction
of CP's*
AFC and Afreximbank have extensive
experience in providing finance to African
projects
Documentation executed for US$200M in
senior debt from AFC and Afreximbank in
December 2019
Includes export credit support from the
Export Credit Insurance Corporation of
South Africa
US$21.5M equity investment from AFC
received in December 2019
US$28.5M (credit approved by AFC, structure
to be determined and subject to
negotiation)**
Module I
working capital
US$20M
Module I
development
capital
US$302M
Uses
ā AFC
AFREXIMBANK
AICA FRANCE CORPORATION
Mandated Lead
Arrangers
*US$200m of Senior Debt subject to the satisfaction of conditions precedent. DNK ASX announcement 26 Oct 2020
DANAKALI
Balance
US$100M
AFC (Credit
Approved
by AFC)
US$28.5m
AFC equity
investment
US$21.5M
Sources
Senior
debt
US$200M
Funding partners
Senior debt
Strategic equity
investor
Corporate
financial adviser
Export credit
AFC
AFRICA FINANCE CORPORATION
Standard
Chartered
ESTABLISHED
IN 2001
(ECIO
INSURANCE
ON OF SOUTH AFRICA SOC LTD
CORPORATIONView entire presentation