IGO Refinances Talison Lithium Syndicated Loan; Extends Revolving Credit Facility

MT Newswires Live06-14

IGO (ASX:IGO) refinanced a revolving syndicated loan facility funding the Greenbushes lithium project in Western Australia, according to a Thursday Australian bourse filing.

Talison Lithium, IGO's joint venture with Tianqi Lithium (HKG:9696, SHE:002466), operates Greenbushes.

The facility was upsized to $1.55 billion from $1 billion, with a five-year term, to fund capital commitments at Greenbushes this year, the filing said.

In addition, the terms of IGO's AU$720 million revolving credit facility were amended to extend the maturity date by 15 months to July 2026 and add a one-year rollover option, according to the filing.

Price (HKD): $6.26, Change: $-0.23, Percent Change: -3.54%

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