Lithium Americas Closes $2.26 Billion U.S. DOE ATVM Loan
Vinson & Elkins advised Lithium Americas Corp. (“Lithium Americas” or the “Company”) in connection with the closing of a $2.26 billion loan from the U.S. Department of Energy’s (“DOE”) Loan Programs Office (“LPO”) under the Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program (the “DOE Loan”) for financing the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada (“Thacker Pass” or the “Project”).
The closing of the debt financing follows on from Vinson & Elkins’ work advising the Company in connection with its recently-announced investment agreement with General Motors Holdings LLC to establish a joint venture to fund the project equity for the Thacker Pass project.
The Vinson & Elkins team was led by partners Eamon Nolan and Lauren Davies, senior associate Maria Borges, and associates Andrew Chang and Dan Lee. Other key team members include partners Robert Hughes, Mark Brasher, and Josh Heideman, counsel Austin White and Bader Thabti. and associates Hoo Ray, Zach Parker and Jake Silver; partners Jackson O’Maley and Michael Kurzer, counsel Noelle Alix, senior associate Layton Suchma, and associates Shelby Shearer, Christina Wu, and John Frey; partner Scot Dixon; partners Wendy Salinas, Megan James, Sean Moran, and David Peck and associates Paige Melton and Tyler Underwood; counsel Alex Bluebond; partners Brandon Tuck, John Decker and Matt Dobbins; partner Palmina Fava and counsel Elizabeth Krabill McIntyre; counsel Heather Reynolds Johnson and associate Matt Green.
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