Transaction

Neustark - Growth round - debt leg

Terms

Announced: 25 Jun 2024
Instrument: Debt
Amount: US$9.86mReported as est. US$9.9m (one seventh of the US$69m round)Estimate: source-stated US$69m round shared evenly across the seven named providers (no leg amounts are published)
Source: neustark.com

Project developer: Neustark
Country: Switzerland
Capital providers: Capital providers and the amount counted for each
Party Role Amount Basis
UBS Lender US$9.86m Sole provider: the whole transaction

Capital providers and the amount counted for each
Party	Role	Amount	Basis
UBS	Lender	US$9.86m	Sole provider: the whole transaction

Pathway: Mineralisation
Backed by offtakes from: Frontier (coalition)
Holcim
UBS
· signed before this financing

: UBS provided the debt leg of Neustark's US$69m growth round, announced 25 June 2024: Neustark's release says UBS 'has contributed capital to the round via debt financing'. The release gives the US$69m total only, with no amount, tenor, security or structure for the debt; the equity leg is EQ-101. The value shown is an estimate (see Notes).

: - Debt and equity are recorded as separate legs of one US$69m round, with UBS the only debt provider; neither leg amount is published. - The value shown is an estimate that shares the US$69m evenly across the seven named providers, so the two legs together equal the announced total and are not double counted.

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