Ann: CEO Remuneration Update, page-101

From the original announcement:
https://announcements.asx.com.au/asxpdf/20240508/pdf/063c56gjw9h080.pdf

US$17.2 million payable on 30 June 2025 or an earlier date (Tranche 2 Cash Consideration). Interest of SOFR + 2% to accrue on the unpaid Cash Consideration from the completion date until the Tranche 2 Cash Consideration is paid in full to Leo Lithium. There are no penalties for early repayment.

As per conversations with the Company, they can pay it earlier (as above) or make instalments, it is an interest bearing debt.
Current SOFR is 5.33% + 2% - Interest on US$172.2 million (that will be accruing) would be circa US$34,580 a day and starts when tranche 1 is received.

cheers
@ssm being a gambling man, I would put money on Ganfeng paying down the debt sooner unless there is benefits somewhere.

ps I will enquire when I next have a conversation with the Company for clarity