An announcement from Li-Cycle Holdings (LICY) is now available.
Li-Cycle Holdings Corp. has successfully completed a major financial deal, issuing a $75 million Senior Secured Convertible Note to Glencore Ltd. and its affiliates. The transaction, which was exempt from registration, involved several agreements to secure the note, including a Note Guaranty and various Pledge and Security Agreements. Additionally, the company amended existing agreements to align with the new transaction terms and entered into a side letter agreement outlining board rights and tax indemnification issues. This strategic financial move is set to strengthen Li-Cycle’s position in the market.
See more data about LICY stock on TipRanks’ Stock Analysis page.