Lithium Argentina issues convertible debenture to GFL International at 4.0% interest rate
LAAC•Lithium Argentina issued GFL International an unsecured convertible debenture with a 4.0% annual coupon, payable semiannually starting Jan. 15, 2027. Net proceeds will be used to purchase, refinance or repay existing Convertible Notes.
1. Debenture terms
The debenture’s principal is repayable in cash at maturity unless it is converted earlier or repaid under its change-of-control, default or issuer-call provisions. The holder’s conversion right begins at the earliest of a change-of-control notice, a 30-day uncured default or Sept. 15, 2027. The conversion price is $12.50 per common share, subject to anti-dilution adjustments and caps tied to listing rules and 19.99% ownership.
