Electra closes us$51 million secured convertible note offering and cancels us$36 million of convertible notes due 2026

Toronto--(business wire)--electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra”, or the “company”) announced that it has closed its previously announced private placement offering (the “note offering”) of us$51 million principal amount of 8.99% senior secured convertible notes due february 2028 (the “notes”). as part of the transaction, the company purchased and cancelled all of the outstanding approximately us$36 million principal amount of the company's existing 6.
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