ATOME secures $420 million in debt finance for Villeta project

ATOME has agreed $420 million of debt finance for its flagship green fertilizer project in Villeta, Paraguay. The $650 million project is designed to produce 260,000 tonnes per annum (t/a) of low-carbon calcium ammonium nitrate (CAN).

UK-listed project developer ATOME signed the definitive debt agreements with its lenders at the annual meeting of the Inter-American Development Bank (IDB) Group in Asuncion, Paraguay, on 12th March. The debt finance is conditional on ATOME securing the outstanding equity finance for the $650 million project within the next 30 days.