Sigma Lithium announces USD 100 million senior unsecured convertible bond offering
SGML•Sigma Lithium announced a USD 100 million offering of senior unsecured convertible bonds due in November 2031. Proceeds will repay secured debt carrying an 11.45% floating rate, replacing it with a 7% fixed coupon.
1. Bond offering terms
The bonds may be converted into CHESS Depositary Interests at a 25% premium to the reference share price, with conversion generally unavailable for the first 12 months. Bondholders may demand redemption at 100% of principal in November 2029. The offering is expected to close around November 16, 2026, subject to regulatory and stock exchange approvals.
