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Li-Cycle Announces It Has Entered Into An Agreement To Issue A Senior Secured Convertible Note In An Aggregate Principal Amount Of $75M To An Affiliate Of Glencore Plc

Benzinga ·  Mar 12 08:21

Builds upon existing long-term partnership and further demonstrates Glencore's endorsement of Li-Cycle's Spoke & Hub model, patented recycling technology, and development plans for the Rochester Hub, as part of Glencore's ambition to bring more circularity to the battery materials space

Agreement amends existing Glencore convertible note to provide for extended maturity, market-based re-pricing and granting of security interest in two future tranches

Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, is pleased to announce that it has entered into an agreement (the...

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