Sirius gets equity support in first leg of $2.8bn financing

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By Aidan Gregory
01 May 2019

Sirius Minerals, the London-listed miner, has won investor support in the equity financing leg of its new $2.8bn phase two project financing to fund the development of what is intended to be the largest polyhalite mine in the world in the North York Moors near Whitby.

The financing package involves a combination of equity, convertible bonds, high yield bonds and a new loan facility.

Each part of the deal is conditional on the completion of the others, and Sirius has now finished the equity leg of the financing, having launched the $400m firm ...

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