E-VAC Magnetics LLC

South Carolina Rare Earth Permanent Magnets Facility Project - Financing

Borrower(s)
E-VAC Magnetics LLC
Industry
Metals and Mining/Rare earths
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Vacuumschmelze has secured $335 million financing for the construction and operation of a rare earth permanent magnets manufacturing facility in South Carolina, capable of producing 1,600tpa of magnets. The project financing is underpinned by a 10-year agreement with General Motors, in which GM is...

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Deal Volume
$335m
Financial Close
04/09/2024
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

South Carolina Rare Earth Permanent Magnets Facility Project
$575m
Greenfield
Rare earths
North America
North America
United States