Horizonte Minerals Plc announced that it has received credit approvals from a syndicate of five international financial institutions in addition to the previously announced approval by the two export credit agencies (the ECAs) for a senior secured project finance facility of up to USD 346.2 million to fund the construction and development of its Araguaia ferro-nickel project. The Senior Lenders are BNP Paribas Securities Corp. (BNPP), ING Capital LLC (ING), Natixis, New York Branch (Natixis), Société Générale (SocGen), and Swedish Export Credit Corporation (SEK). The ECAs are EKF, Denmark's Export Credit Agency (EKF) and Finnvera plc, Finland's Export Credit Agency (Finnvera). The Senior Debt Facility will include two tranches: Tranche A of USD 146.2 million, to be guaranteed by the ECAs in relation to a number of key equipment and service provider contracts; and Tranche B of USD 200 million. The term of the Senior Debt Facility will be ten and a half years for Tranche A, and eight and a half years for Tranche B. The interest rate of the Senior Debt Facility will be at a rate of LIBOR plus 1.80% for Tranche A, and LIBOR plus 4.25 to 4.75% for Tranche B. Closing of the Senior Debt Facility is subject to customary conditions, including the negotiation and settlement of definitive documentation and the entry into a comprehensive intercreditor agreement, among others. Endeavour Financial is acting as financial advisor to the Company and Norton Rose Fulbright LLP has acted as legal counsel to the Company with support from the Freitas Ferraz law firm in Brazil. The Senior Lenders and ECAs are being advised by Milbank LLP, Micon International Limited (Independent Engineer), and Arcadis (Independent Environmental, Social, Health & Safety Consultant).