MP Materials signs $275M revolver, $200M LC sublimit, 5-year term

MP Materials Corp. / DE

$275M revolving credit facility with 5-year maturity from JPMorgan-led syndicate.
Pricing: SOFR + 1.75%-2.50% margin; commitment fee 0.20%-0.35% on unused portion.
Facility includes $200M letter of credit sublimit; secured by substantially all assets.
Financial covenant: total leverage ≤ 4.00x and interest coverage ≥ 3.00x after trigger event.
Proceeds for general corporate purposes, including working capital and capex.

item 1.01item 2.03item 9.01

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