NAB $14.5M SA1 Bank Loan Facility

Delorean Corporation Chief Financial Officer, Aidan Flynn, provides an update on the breakthrough $14.5M NAB loan facility for the SA1 Salisbury project, which will fund the acquisition of capital plant and equipment for SA1. The NAB project finance facilities will also refinance $14.5M of Delorean’s existing $37M corporate facility with Tanarra at a lower cost of debt, enabling Delorean to redirect Tanarra funds towards the delivery of its next shovel-ready bioenergy projects nationally.