Street Talk
Liontown in offtake deal to replace banks; eyes on POSCO
Liontown Resources, the ASX-listed lithium hopeful, is poised to announce a major offtake and funding agreement to get its flagship Kathleen Valley project off the ground.
In March, the $2.2 billion group said it put in place a $550 million debt facility with a syndicate of lenders including Commonwealth Bank, National Australia Bank, Société Générale and the Clean Energy Finance Corporation to get the mine away.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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