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
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 77.5¢ | $10.13M | 12.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 365849 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 35511 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |