Lithium Argentina Retires $200M of 2027 Converts for ~$198M, Leaving $59M
LAR sits 17% above its 52-week low of $3.62.
Summary
Lithium Argentina bought back $200M of its 2027 convertible notes in private deals for roughly $198M plus interest, retiring most of the maturity wall at a slight discount to par. About $59M remains outstanding, which the company plans to repay from cash on hand at or before Jan. 15, 2027. The repurchase was funded partly by the $180M Ganfeng convertible note closed in late September, and management says cash stays above $100M afterward. With no other corporate debt due until 2032, the balance sheet is largely de-risked and the dilution overhang from the 2027 converts is mostly gone. The remaining $59M repayment is the next milestone to confirm.
At the time of this announcement, LAR was trading at $4.23 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $684.3M. The 52-week trading range was $3.62 to $12.05. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.