Largo Secures US$82.2 Million Debt Restructuring, Extending Maturity to 2030

Largo Inc. has signed a binding term sheet to restructure approximately US$82.2 million of debt owed by its subsidiary LVMSA, extending the final maturity from September 2026 to March 2030. The restructured terms include a six-month principal amortization grace period followed by 36 months of quarterly payments, designed to align obligations with operational cash flow. Management noted that the additional liquidity runway will support the ramp-up of copper-PGM production and the fulfillment of a US$60 million order for the U.S.

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