Prospect Global Resources to Receive $100 Million in Financing

Reuters reported that Prospect Global Resources Inc. will receive $100 Million in financing from private equity firm Apollo Global Management LLC.

As quoted in the market report:

The deal follows on the heels of Prospect agreeing a 10-year potash supply deal earlier this week with a Chinese fertilizer company, Sichuan Chemical Industry Holding (Group) Co SICHAD.UL. Prospect used that deal to obtain financing, effectively showing creditors it has customers in place and a guaranteed cash stream.

To view the whole Reuters report, click here.