PLS (ASX:PLS) plans to offer up to US$700 million ($1 billion) of senior unsecured notes due 2032, subject to market conditions.
The company announced the proposed offering today (20 October 2026), though it did not disclose pricing, an interest rate, or a timeline for the offer.
PLS intends to use the net proceeds for general corporate purposes, including capex and other growth opportunities.
Certain wholly owned subsidiaries of the company will guarantee the notes.
The company will offer the notes only to persons reasonably believed to be qualified institutional buyers under Rule 144A of the US Securities Act of 1933. It will also offer them to certain persons outside the US in offshore transactions under Regulation S of the same Act.
Any offer will come through a private offering memorandum. The notes are not registered under the Securities Act or the securities laws of Australia or any other jurisdiction, and cannot be offered or sold in the US without registration or an applicable exemption.
The announcement states that it does not constitute an offer to sell, or a solicitation of an offer to buy, the notes or any other securities.
PLS is a global lithium producer and mining company with projects in Western Australia, Brazil, and South Korea.
Write to Paula Fabe at Mining.com.au
Main image: PLS
