Largo signs Santander restructuring deal, bringing coverage to 58.4% of senior bank debt
LGO•Largo signed a definitive debt restructuring agreement with Banco Santander (Brasil), covering approximately 58.4% of its commercial bank senior debt. The agreement sets final maturity in March 2030, with a six-month grace period for principal repayments, followed by quarterly amortization over 36 months; interest is payable monthly.
1. Restructuring terms
Largo signed a definitive debt restructuring agreement with Banco Santander (Brasil), bringing coverage to approximately 58.4% of its commercial bank senior debt. The framework sets final maturity in March 2030, with a six-month grace period for principal repayments. Quarterly principal amortization will follow over 36 months, and interest is payable monthly.
