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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Blackstone Resources AG    BLS   CH0460027110

BLACKSTONE RESOURCES AG

(BLS)
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Blackstone Resources AG : raises $500M. via MTN issuance

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05/13/2019 | 03:33am EST

Blackstone Resources AG. on Wednesday (May 7th) has confirmed the appointment of Ithuba Credit Corporation as their Advisor for exclusive Private Placement Programme and will raise $500 million unsecured debt at a fixed coupon rate (interest rate) of five percent (5%) for five (5) years. The Bank has to effect, the coupon pay-outs semi-annually.

The fund-raising is part of its $500 Million Medium Term-Note program.The debt instrument (fixed rate Senior unsecured Note) will be listed on the Swiss Stock Exchange.

With reference to this appointment, Ithuba Credit has signed a Term-Sheet agreement with Blackstone Resources AG. to facilitate five (5) years cash backed-up Medium Term Note amounting to five hundred million US Dollars (US$500,000,000) into a Credit Enhancement Program to raise funds in order to facilitate the designated business development and new technology in the Energy Field in general and in the Battery Industries in particular, and all and any Projects for clean energy.

Blackstone Resources AG. Board on Wednesday approved the setting up of a $500 million medium-term note (MTN) programme, enabling the company to raise funds in one (1) or more tranches.

Under the MTN programme Blackstone can sell debt securities, maturing in five (5) years, in the Overseas market and secure cheaper funding, according to Market analysts.

"With this syndication Blackstone Resources AG. has also demonstrated its ability to leverage new geographies and currencies to fund the Company's development Project in the clean industry, the Company said in release dated 7 May.

This issue provides Blackstone Resources AG. with increased financial flexibility to support its growth and development, particularly in its Battery Revolution. And in consideration of the long-term assets held under concessions, it also contributes to extending the debt maturity profile of the Company.

While diversifying its sources of financing, the Company continued to rely on the strong relationships it has developed with its historical Banking and financing Partners.

This Private Placement Bond issue was arranged by Ithuba Credit Corporation, acting as joint lead managers.

About ITHUBA CREDIT CORPORATION LIMITED.

Ithuba Credit Corporation Limited operates as a Financing Company. The Company offers a Lending and Asset Management Platform that provides Credit and Risk Management Solutions and Lending Services. Ithuba Credit Corporation serves clients worldwide.

BLACKSTONE RESOURCES AG

Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton of Zug and is concentrating on the Battery metals market as primary metals. In addition, it sets up, develops and manages Refineries used for gold and Battery metals. It offers direct exposure to the Battery metal revolution that is being driven by the demand of electric vehicles that need vast quantities of these metals. These include cobalt, manganese, molybdenum, graphite and lithium. In addition, Blackstone Resources has started a research program on new Battery technologies.

For more information please visit www.blackstoneresources.ch or contact:

Blackstone Resources AG T: +41 41 449 61 63

AG Blegistrasse F: +41 41 449 61 69

5 CH-6340 Baar

Switzerland

info@blackstoneresources.ch

Investor Relations: ir@blackstoneresources.ch

Media Enquires: media@blackstoneresources.ch

Media Contact

Company Name: Ithuba Credit Corporation

Contact Person: Gwen Dowrie

Email: emiley@len24.de

Phone: +491718921256

Country: Switzerland

Website: www.blackstoneresources.ch

Source: www.abnewswire.com

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Managers
NameTitle
Ulrich Ernst Chairman, President & Chief Executive Officer
Michael Hingst Chief Operating Officer
Marco Dazzi Chief Financial Officer
Ingo Meyer Chief Technology Officer
Patrick Stach Director
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