Lithium Argentina Announces Repurchase of $200 Million of its 2027 Convertible Notes
Lithium Argentina repurchased $200 million principal of its January 2027 convertible senior notes for approximately $198 million in cash plus accrued interest, funded by cash on hand. Only about $59 million of the 2027 Notes remains outstanding, which the company intends to repay at or before the January 15, 2027 maturity, and cash on hand exceeded $100 million after the repurchases.
Key figures
- Notes maturity
- January 15, 2027
- Repurchase cost
- 198000000
- Cash post repurchase
- exceeded $100 million
- Principal repurchased
- 200000000
- Ganfeng strategic investment
- 180000000
- Remaining principal outstanding
- 59000000
AI analysis
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