Lithium Argentina Announces Repurchase of $200 Million of its 2027 Convertible Notes
Key Highlights
- ➤Lithium Argentina (LAR) repurchased $200 million of 2027 convertible notes for approximately $198 million cash
- ➤Approximately $59 million of 2027 Notes remains outstanding after the repurchase
- ➤Lithium Argentina intends to repay the remaining balance by January 15, 2027 maturity
- ➤Cash on hand exceeded $100 million following repurchases, further reducing overall debt
- ➤Ganfeng’s $180 million strategic investment funded the note repurchases
Expert Statements
Sam Pigott, Chief Executive Officer of Lithium Argentina
“Repurchasing the majority of the 2027 Notes with cash is the next step in deleveraging and strengthening our balance sheet,”
Sam Pigott, Chief Executive Officer of Lithium Argentina
“With no other corporate-level debt maturing until 2032 and Cauchari-Olaroz generating strong cash flow, we are well positioned to allocate capital in the way that best serves our shareholders.”
ZUG, Switzerland, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Lithium Argentina AG ("Lithium Argentina" or the "Company") (TSX: LAR) (NYSE: LAR) today announced that it has repurchased $200 million aggregate principal amount of its convertible senior notes due January 2027 (the "2027 Notes") in privately negotiated transactions with a limited number of qualified institutional buyers for approximately $198 million in cash, plus accrued interest. The repurchases were funded with cash on hand, including proceeds of the $180 million strategic investment from Ganfeng Lithium Group Co., Ltd. (“Ganfeng”) that closed on September 15, 2026. Following the repurchases, approximately $59 million aggregate principal amount of the 2027 Notes remains outstanding. Lithium Argentina intends to repay the remaining balance at or before its January 15, 2027 maturity from cash on hand, which exceeded $100 million following the repurchases, further reducing its overall debt.
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