Lithium Americas completes strategic financing with GFL and BCP

On July 14, 2017, Lithium Americas Corp. (Lithium Americas) completed a $355,000,000 financing transaction with Ganfeng Lithium Co., Ltd. (GFL) and Bangchak Corporation Public Company Ltd. (BCP) to finance the development of the Cauchari-Olaroz lithium project in Argentina. Pursuant to the transaction, GFL and BCP subscribed for approximately $105,000,000 of common shares of Lithium Americas and granted to Lithium Americas a US$205,000,000 ($250,000,000) credit facility.

Cassels Brock & Blackwell LLP acted for Lithium Americas with a deal team that included David Redford, Brian Dominique and Jennifer Poirier (securities and mining), and David Budd, Patience Omokhodion and Jenna Clark (financial services).

GFL was represented by Goodmans LLP with a deal team comprised of Grant McGlaughlin and Gesta Abols (securities and mining), David Wiseman and Kyle Gerow (financial services).

BCP was represented by Norton Rose Fulbright through its offices in Canada, the US and Thailand with a deal team that included Michael Sabusco, Somboon Kitiyansub, David McIntyre, Bob Comer, Jordan Plener and Carole Gilbert (securities and mining), and Suzana Lobo, Monika Szymanski and Gautam Dhillon (financial services).

BNY Trust Company of Canada acted as the Administrative Agent under the credit agreement. Gus Karantzoulis of Borden Ladner Gervais LLP acted as counsel to BNY.