LITHIUM AMERICAS CORP. (LAC): debt financing — Lithium Americas secures $250M financing for Thacker Pass via convertible note and production payment agreement

LITHIUM AMERICAS CORP.

$195M convertible note at 9.875% interest, convertible at $3.78/share, with a 5-year maturity.
Production payment agreement: $128/tonne fixed for 72 quarters plus 0.96% gross revenue variable.
Investor (Orion Resource Partners) also commits $25M upfront and $30M delayed draw option.
Funds will support construction and development of Phase 1 of Thacker Pass lithium project in Nevada.
Convertible note issuance is exempt under Section 4(a)(2); registration rights agreement for resale of conversion shares.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LITHIUM AMERICAS CORP. incurred convertible notes with OMF Trading IV LLC and Orion Resource Partners LP at 9.875% per annum maturing five years from the Issuance Date.

Instrument: convertible notes
Counterparty: OMF Trading IV LLC and Orion Resource Partners LP
Rate: 9.875% per annum
Maturity: five years from the Issuance Date
Event: incurrence

Exact text from the filing

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth above in Item 1.01 of this Current Report on Form 8-K with respect to the Transaction Agreement and the Convertible Note is hereby incorporated by reference into this Item 2.03.

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Source: SEC EDGAR

accession 0001193125-25-051979

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