AMG Critical Materials N.V. Completes Issuance of $100 Million Incremental Term Loan
Amsterdam, 15 April 2024 --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that it has entered into a new $100 million incremental term loan, structured as a fungible add-on to the existing $350 million senior secured term loan.
- Amsterdam, 15 April 2024 --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that it has entered into a new $100 million incremental term loan, structured as a fungible add-on to the existing $350 million senior secured term loan.
- The $100 million incremental term loan has the same pricing, terms and 2028 maturity as the existing $350 million term loan.
- AMG will use the proceeds of the new incremental term loan for general corporate purposes and lithium resource development.
- Moody’s Investors Service affirmed our Ba2 rating to the increased senior secured term loan, affirmed our B1 corporate family rating, and changed their outlook to stable from positive.