LTR ASX: Liontown goes for offtake deal to cut out banks as debt troubles mount

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In March, it put in place a $550 million debt facility with a syndicate of lenders – which was dependent on sign off of its Kathleen Valley mine.

Liontown Resources, the ASX-listed lithium hopeful, is poised to announce a major offtake and funding agreement to get its flagship Kathleen Valley project off the ground.

In March, the $2.2 billion group said it put in place a $550 million debt facility with a syndicate of lenders including Commonwealth Bank, National Australia Bank, Société Générale and the Clean Energy Finance Corporation to get the mine away.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.

 

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LTR ASX: Liontown goes for offtake deal to cut out banks as debt troubles mountIn March, it put in place a $550 million debt facility with a syndicate of lenders – which was dependent on sign off of its Kathleen Valley mine.
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