At first glance, the contrast between Liontown Resources ’ new debt deal and the one it thought it had in the bag last October speaks volumes about the declining fortunes of the Australian lithium market. The new deal, announced on Wednesday, is worth $550 million and matures in October 2025. Liontown chief executive Tony Ottaviano will likely be tapping on the door of his lending syndicate by the end of this calendar year.
The old deal included six commercial banks, but only three have signed onto the new agreement. Government agencies Export Finance Australia and the Clean Energy Finance Corporation have also stuck around. The last debt deal arrived with bells and whistles, including a facility to cover working capital and cost overruns
Source: News Formal (newsformal.com)
Liontown Resources Debt Deal Australian Lithium Market Funding Commercial Banks Government Agencies
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barrenjoey, Canaccord raising for Lake Resources; 39.1pc discountLake had Barrenjoey and Canaccord Genuity seeking buyers for 214 million shares at 7¢ apiece, which was a steep 39.1 per cent discount to the last close.
Source: FinancialReview - 🏆 2. / 90 Read more »
Australia to Establish $2 Billion Finance Facility for Green Energy Investment in South-East AsiaThe Australian government will establish a $2 billion finance facility to help fund green energy and infrastructure investment in South-East Asia, to tap into spiralling demand for renewable power in the region between now and 2050. The facility will provide loans, guarantees, equity and insurance to help bolster trade and investment with the ASEAN bloc.
Source: FinancialReview - 🏆 2. / 90 Read more »
Using a calendar to plan and save for personal finance tasks and big billsUsing a calendar allows you to do a lot more than just remember when bills are due. It can help you spread the load and save.
Source: abcnews - 🏆 5. / 83 Read more »
Nickel price collapse: Pentagon pitched Australian nickel investmentResources Minister Madeleine King met officials to discuss investments in the nickel industry in Australia.
Source: FinancialReview - 🏆 2. / 90 Read more »
Mining crisis: Nickel miners thrown ‘sovereign’ lifelineFears of a collapse in the nation’s “sovereign capacity” prompted Resources Minister Madeleine King to include the battery metal on the government’s official “critical minerals list”.
Source: FinancialReview - 🏆 2. / 90 Read more »