Largo Receives Executed Binding Term Sheet from Lenders Representing US$84.2 Million of Debt to Defer Principal Payments Subject to Certain Conditions [Yahoo! Finance]
Largo Inc. - Common Shares (LGO)
Company Research
Source: Yahoo! Finance
TORONTO, October 01, 2025 BUSINESS WIRE )--Largo Inc. (" Largo " or the " Company TSX: LGO NASDAQ: LGO ) announces an update with the five Brazilian lenders ("Banks") to Largo's subsidiary, Largo Vanádio de Maracás S.A ("LVMSA"). Update with Lenders Largo and its subsidiary, LVMSA, have received an executed binding term sheet with the Banks representing $84.2 million of debt to defer principal repayments to March 18, 2026 with an automatic rollover to September 18, 2026, subject to Largo securing capital of at least C$30 million by November 17, 2025. Additionally, LVMSA will provide a negative pledge over its mining rights and equipment, pay all accrued interest with future interest payments made on a quarterly basis, repay $2 million of principal with proceeds, submit LVMSA's quarterly unaudited balance sheets to the Banks, renegotiate its debts with suppliers, and use 80% of the capital secured greater than C$30 million for principal repayment to the Banks. Daniel Tellechea,
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- Largo (NYSE:LGO) had its price target lowered by analysts at HC Wainwright from $3.70 to $2.90. They now have a "buy" rating on the stock.MarketBeat
- Largo Reports Third Quarter 2025 Financial ResultsBusiness Wire
LGO
Sec Filings
- 12/3/25 - Form 424B3
- 11/13/25 - Form 6-K
- 11/12/25 - Form F-3
- LGO's page on the SEC website