Largo Secures US$82.2 Million Debt Restructuring, Extending Maturity to 2030
All amounts expressed are in U.S. dollars, denoted by "$".Key Highlights:Largo and its subsidiary, Largo Vanádio de Maracás S.A. ("LVMSA"), have signed a binding term sheet to restructure approximately US$82.2 million of LVMSA's outstanding commercial bank debt, with LVMSA being the owner and operator of the Maracás Menchen Mine.The final maturities of the commercial bank debt have been extended from September 2026 to March 2030.The restructured debt includes a six-month principal amortization...
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