Lithium Argentina issues convertible debenture to GFL International at 4.0% interest rate
Bitget2026/09/28 20:15- Lithium Argentina issued an unsecured convertible debenture to GFL International with a 4.0% annual coupon, payable semiannually from Jan. 15, 2027.
- Principal repaid in cash at maturity unless earlier converted or redeemed under the debenture’s change-of-control, default, or issuer-call provisions.
- Holder conversion right starts at the earliest of a change of control notice, a 30-day uncured default, or Sept. 15, 2027.
- Conversion price set at USD 12.50 per common share, subject to anti-dilution adjustments and caps tied to listing rules and 19.99% ownership.
- Net proceeds earmarked to purchase, refinance, or repay existing Convertible Notes.
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