Wednesday, 27 November 2024
Home News Li-Cycle Closes Upsized $475 Million Loan Facility with U.S. Department of Energy to Support Development of the Rochester Hub Project

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Li-Cycle Closes Upsized $475 Million Loan Facility with U.S. Department of Energy to Support Development of the Rochester Hub Project

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce that it has entered into an agreement for a loan facility (“DOE Loan Facility”) of up to $475 million (including up to $445 million of principal and up to $30 million in capitalized interest) through the U.S. Department of Energy (“DOE”) Loan Programs Office’s (“LPO”) Advanced Technology Vehicles Manufacturing (“ATVM...

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