Nemaska Lithium marketing up to $350 million five-year secured notes; pricing expected May 11

By Paul A. Harris

Portland, Ore., May 2 – Nemaska Lithium, Inc. is in the market with an offering of five-year senior secured notes expected to be sized from $300 million to $350 million, according to a market source.

The deal is coming in a Nordic style execution and is expected to price on May 11 and settle on May 18.

Pareto Securities and Clarkson Platou Securities are managing the sale.

The notes come with three years of call protection.

The Quebec City-based chemical company plans to use the proceeds to fund capital expenditures.

Nemaska Lithium engages in the exploration and evaluation of lithium hard rock mining properties in Canada.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.