Loan & Debt29 Oct 2026, 04:24 pm
Lloyds Metals Allots USD 130M Senior Secured Notes
AI Summary
Lloyds Metals and Energy Limited announced the allotment of U.S. dollar denominated Senior, Secured, Floating rate bonds (Notes) aggregating up to USD 130,000,000. The allotment was approved by the Committee of the Board of Directors via a circular resolution on October 29, 2026. These Notes have a tenor of 3 years, maturing on October 29, 2029, with a coupon rate of 3 Month Term SOFR + 4.5% margin. The proceeds will be used for capital expenditure, reimbursement of capital expenditure related to the BHQ Plant, offshore investments for debt repayment/purchase, and associated fees and expenses. The Notes are unlisted and were issued via private placement under Reg S.
Key Highlights
- Allotment of USD 130 million Senior Secured Notes approved.
- Notes mature in 3 years with a floating interest rate.
- Proceeds to fund capital expenditure and offshore investments.
- Issued via private placement under Reg S, unlisted.
- Security includes charges on movable assets and share pledge.
Price Impact
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