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How is Magnis planning to refinance iM3NY's $100M USD credit facility? — ASX:MNS| ASX Mining News & Discussion
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Lykeshares Official
$MNS How is Magnis planning to refinance iM3NY's $100M USD credit facility?
Magnis Announces Strategic Refinancing Plans for iM3NY Battery Plant

Magnis Energy Technologies Ltd, a leader in the lithium-ion battery technology and materials sector, has unveiled a significant financing update for its majority-owned subsidiary, iM3NY, based in Endicott, New York.

Collaborating with Price Waterhouse Coopers (PWC), Magnis aims to refinance iM3NY's existing $100M USD credit facility, marking a pivotal step towards enhancing its operational capabilities and commercialisation efforts. This move is expected to draw substantial interest from institutional investors, signaling strong confidence in iM3NY's future.

A New Phase of Financial Engineering

Since the latter part of 2023, Magnis, in partnership with PWC, has initiated an orderly process to refinance the substantial credit facility underpinning its iM3NY Battery Plant. This strategic financial maneuver is designed to not only address the existing debt but also to secure the necessary capital to fulfill an ambitious business plan aimed at transforming iM3NY into a cash-positive operation in the ...
How is Magnis planning to refinance iM3NY's $100M USD credit facility?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?