Lithium Americas closes $150M convertible debenture placement with YA II PN

LITHIUM AMERICAS CORP.

Closed initial $150M subordinated convertible debenture sale to YA II PN; $25M more possible via delayed closings.
5-year maturity, 5% coupon (steps to 7.5% and 15% on trigger events); conversion at lower of $4.56 or 95% of 5-day VWAP, floor $1.63.
Proceeds for general corporate purposes; cash principal repayments capped at $35M while Orion notes outstanding.
Optional redemption after 181 days at 110% of principal; change-of-control repurchase at 110% plus accrued interest.
Registration rights agreement requires resale registration statement within 3 business days after Q2 10-Q filing.

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