This looks like a really good deal for LTR.
I would suggest the bank debt was going to be a noose, so this will provide more flexibility.
The negative is that LTR just gave up another 8% of the company to do it and will still pay interest at about 5.3% on the $250mil USD to do it.
Still think its a net positive.
Share price should react OK is my initial thought, but lithium sentiment is smashed today, so who knows.
Ann: Presentation - Strategic Partnership and Long Term Funding, page-5
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Last
$1.03 |
Change
0.105(11.4%) |
Mkt cap ! $2.502B | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | $1.03 | 92.0¢ | $23.40M | 23.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 28357 | 5 |
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| Last trade - 16.19pm 21/07/2025 (20 minute delay) ? |
| LTR (ASX) Chart |