Lithium Argentina AG (LAR) Form 6-K — Sep 28, 2026
Lithium Argentina AG closed a US$180 million strategic investment from Ganfeng Lithium via a six-year unsecured convertible note bearing a 4.0% coupon, convertible into common shares at US$12.50 per share. Net proceeds, together with cash on hand, will be used to repay in full the company's $259 million 1.75% convertible notes due January 2027, materially strengthening the balance sheet and extending the debt maturity profile. Ganfeng currently owns approximately 9.6% of the company and would receive 14.4 million additional shares upon full conversion, lifting its fully diluted stake to roughly 16.1%.
Key figures
- Debt Amount
- 180000000
- Interest Rate
- 4
- Maturity Date
- September 15, 2032 (six years from issuance)
- Default rate
- Interest Rate plus 2% per annum
- Conversion cap
- 19.99% of issued and outstanding Common Shares
- Conversion price
- US$12.50 per share
- Conditional capital
- up to 64,772,893 registered shares
- Ganfeng current ownership
- approximately 9.6%
- Conversion shares issuable
- 14.4 million common shares
- Ganfeng fully diluted ownership
- approximately 16.1%
- Existing convertible notes repaid
- $259 million due January 2027 (1.75% Convertible Senior Notes due 2027)
AI analysis
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