Deutsche Bank Sells Down Coal Mine Loan to Private Credit Funds.

Deutsche Bank has sold $120 million of a $600 million loan used to finance the acquisition of an Australian coal mine to private credit funds, including Income Asset Management Group Ltd., Regal Funds Management, and Keyview Financial Group. The bank plans to retain the remaining portion of the loan, which originally accounted for 40% of the total. This transaction highlights the increasing role of private credit funds as alternative funding sources for fossil fuel-related projects, as banks are avoiding such investments due to environmental concerns. The consortium acquiring the mine also secured a separate working capital loan and guarantee facility. [Extracted from the article]