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
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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ذریعہ: FinancialReview - 🏆 2. / 90 مزید پڑھ »