{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-076623","form_type":"8-K","ticker":null,"cik":"0001828811","company_name":"Li-Cycle Holdings Corp.","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.789785+00:00","generated_at":"2026-06-04T08:37:45.319485+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Li-Cycle closes $75M Glencore convertible note; amends $225M existing notes","bullets":["Glencore invested $75M via senior secured convertible note, convertible at $0.53/share, 5-year term.","Interest payable at SOFR+5% cash or SOFR+6% PIK; cash preservation plan ongoing.","Existing ~$225M Glencore convertible notes amended and restated in two tranches.","Koch note amended (Amendment No. 3) with penalty interest alignment and removal of SOFR floor/ceiling.","DOE conditional loan commitment for up to $375M remains under review; Rochester Hub strategy evaluation continues."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-076623","json":"https://secwatch.observer/filing/0001193125-24-076623.json","markdown":"https://secwatch.observer/filing/0001193125-24-076623.md","text":"https://secwatch.observer/filing/0001193125-24-076623.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828811/000119312524076623/0001193125-24-076623-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828811/000119312524076623/d797686d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:37:45.319485+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b4e23ca743d49bf422d11077c67fda7839ce5922","claim":"Li-Cycle Holdings Corp. entered into Amended and Restated Note Purchase Agreement with Glencore Ltd. and Glencore Canada Corporation valued at $75,000,000 senior secured convertible note (effective 2024-03-25).","evidence_excerpt":"On March 11, 2024, the Company entered into a Note Purchase Agreement (the “ Note Purchase Agreement ”) with Glencore Ltd. (“ Glencore Intermediate ”), and Glencore Canada Corporation (“ Glencore ”, and together with Glencore Intermediate, the “ Glencore Parties ”), pursuant to which the Company agreed to issue and sell a senior secured convertible note (the “ Senior Secured Convertible Note ”) in an aggregate principal amount of $75,000,000 (the “ Transaction ”), in a transaction exempt from registration under the Securities Act of 1933, as amended (the “ Securities Act ”). The Note Purchase Agreement was amended and restated on March 25, 2024 (the “ Amended and Restated Note Purchase Agreement ”) in order to provide for potential partial transfers of the Senior Secured Convertible Note.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828811/000119312524076623/0001193125-24-076623-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Glencore Ltd. and Glencore Canada Corporation"},{"label":"Value","value":"$75,000,000 senior secured convertible note"},{"label":"Effective","value":"2024-03-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}