Sigma Lithium launches US$100M 5-year inaugural convertible bond offering to repay Synergy Capital senior secured debt

Sigma Lithium Corporation announced a US$100 million, five-year inaugural convertible bond offering. Net proceeds will primarily repay the company's senior secured debt held by Synergy Capital, replacing an 11.45% floating coupon with a fixed 7.0% coupon. The bond carries a 25% conversion premium and restricts conversion during the first 12 months.

Detected & updated continuously · Source: Nebula