DEBT FACILITIES UPDATE Lynas Corporation Limited (“Lynas”)...

DEBT FACILITIES UPDATE

Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) has decided to cease negotiations with Nomura regarding a novation and amendment of Lynas’ existing senior debt facility.

Instead, Lynas remains engaged with existing and potential financiers and investors regarding:

(1) a restructure of its existing debt facilities;

(2) potential additional facilities; and

(3) other investment opportunities.

Each of those alternatives will require the consent of the existing senior financier, with whom Lynas continues to be engaged in constructive discussions.

Lynas will continue to update the market as those discussions progress.

......................Given how long the negotiations were taking with Nomura I am not at all surprised with this announcement and in actual fact it is what I expected.....

I recently stated i thought that the First option would be how this re negotiation of debt would unfold.....and now reading this announcement i believe it will be a combination of First & Second..