Li-Cycle Closes Upsized $475 Million Loan Facility with U.S. Department of Energy to Support Development of the Rochester Hub Project
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Business Wire
$475 million loan amount represents an increase of $100 million over the original conditional commitmentFirst DOE loan facility to be finalized for a battery resource recovery facility and sustainable lithium-ion battery materials recycling companyAgreement represents affirmation of Li-Cycle’s sustainable Spoke & Hub Technologies™ and the Company’s position as a leading supplier of recycled critical materials for lithium-ion batteries TORONTO--(BUSINESS WIRE)--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 for a loan facility (“DOE Loan Facility”) of up to $475 million (including up to $445 million of principal and up to $30 million in capitalized interest) through the U.S. Department of Energy (“DOE”) Loan Programs Office’s (“LPO”) Advanced Technology Vehicles Manufacturing (“ATVM”) program.This is the first DOE loan facility to be final
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LICY
Analyst Actions
- 11/18/24 - UBS
LICY
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- LICY's page on the SEC website