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Latham Advises New Investors on 5E Advanced Materials Restructuring

January 16, 2024
Transaction enables the commencement of initial mining operations and production of boric acid and lithium.

Latham & Watkins has advised the new strategic investors (New Investors) on the Restructuring Support Agreement (RSA) of 5E Advanced Materials, a boron and lithium company with US government Critical Infrastructure designation for its 5E Boron Americas Complex.

The New Investors will commit up to US$25 million under the transaction and acquire 50% of the outstanding principal amount of the convertible notes from the Lender. The transaction will further secure 5E Advanced Materials’ pathway to operations and the extraction of boric acid and lithium at its 5E Boron Americas complex.

The Latham team was led by New York finance partners Adam Goldberg and George Klidonas and Singapore corporate partner Marcus Lee, with New York corporate partners Robert Katz and Drew Capurro, and Singapore counsel Jeremy Wang.