debt
confidence high
sentiment positive
materiality 0.80
Lithium Americas finalizes DOE loan amendment; DOE defers $184M debt, gets 5% equity warrants
LITHIUM AMERICAS CORP.
- DOE defers $184M of debt service from first five years to remaining maturity; LAC to contribute $120M to reserves within 12 months.
- DOE receives 5% equity warrants in LAC at $0.01/share and 5% economic interest in JV via warrants.
- GM offtake agreement amended to allow third-party offtake for production not forecasted by GM.
- ATM program completed: sold 26.9M shares for $100M gross proceeds.
- OWCA effective upon satisfaction of conditions, expected next week.