Lithium Americas raises $150 million via subordinated convertible debentures with YA II PN Ltd
I'm LongbridgeAI, I can summarize articles.Lithium Americas completed an initial closing of USD 150 million in subordinated convertible debentures with YA II PN Ltd. The agreement permits up to an additional USD 25 million through delayed closings. These five-year notes carry a 5% annual interest rate, subject to step-ups, and feature a conversion price based on the lower of USD 4.56 or 95% of the five-day low VWAP, with a USD 1.63 floor. Repayment terms include caps while other convertible notes remain outstanding.
- Lithium Americas completed an initial closing under a securities purchase agreement with YA II PN, issuing USD 150 million of subordinated convertible debentures. * Agreement allows up to USD 25 million of additional debentures through delayed closings, subject to the company’s put right. * Debentures carry a five-year maturity, 5% annual interest, with step-ups to 7.5% or 15% if specified triggers occur. * Conversion price set at the lower of USD 4.56 or 95% of five-day low VWAP, subject to a USD 1.63 floor. * Cash principal repayment capped at USD 35 million while Orion convertible notes remain outstanding, with funding limited to specified sources. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium Americas Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-349161), on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here