Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Basic Materials

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.

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Itafos Inc

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Comment by handyrandy321on Dec 01, 2014 12:34pm

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Post# 23181343

RE:Lenders were so confident they extended the debt up 6 years

Here are the debt extensions to 2016, 2018,2020 Most due in 2020.

Principal Amounts	Amended Maturity
New Tranche 1 - Project Finance	US$142.4 million	Nov 15, 2020
New Tranche 2 - Project Finance	US$19.2 million	Mar 15, 2018
New Tranche 1 - Working capital loans	US$19.1 million	July 15, 2018
New Tranche 2 - Working capital loans	US$2.9 million	Sep 15, 2016

And additional capex confident lenders provided

the Company has received indications from its senior lenders for a commitment for additional working capital facilities totaling approximately US$6.7 million (R$16 million). These funds will be used primarily to purchase supplies, spare parts

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