Lynas halts negotiations over debt repayment for its rare earths facility

By Antonio Torrisi
Published: Monday, 15 September 2014

By ceasing negotiations with financial firm Nomura, the Australian rare earth producer must now look for other financier to help it repay its Sojitz/Jogmec senior debt facility. However, the Australian company still needs the financier’s consent to reach a deal with other partners.

Australian rare earth producer Lynas Corp. has ceased negotiations with Japanese financial firm Nomura about an amendment of its senior debt facility.

The company has been negotiating with Nomura to refinance a repayment of $35m for its senior debt with Sojitz and Japan Oil, Gas and Metals National Corp. ( Jogmec).

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