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Prospect Global Resources to Receive $100 Million in Financing
Oct. 26, 2012 07:18AM PST
Potash InvestingReuters reported that Prospect Global Resources Inc. will receive $100 Million in financing from private equity firm Apollo Global Management LLC.
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.
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