Li-Cycle Investor Presentation Deck
DOE Loan Anticipated to Close in September 2023; Enhances
Financial Flexibility for Additional Network Growth
Current Status
Use of
Proceeds
Term to
Maturity
Key Terms and Status
Interest Rate
Expected
Closing
> Advanced documentation to final
stages (1)
Pre-Application
LPO meets with potential
applicant to discuss project
eligibility, application
process, and applicant
questions.
Fund costs of the Rochester Hub
project
► 12 years (September 2035)
➤ Applicable 10 Year U.S. Treasury
Rate; no spread
► September 202
DOE LPO ATVM Loan Application Process(¹)
1
3
2
Application and Review
LPO establishes project
eligibility and readiness to
proceed, followed by
programmatic technical, and
financial evaluation.
Due Diligence
LPO and applicant engage
third-party advisors and
negotiate term sheet.
(1) DOE Loan Programs Office (LPO) loan application process sourced from https://www.energy.gov/lpo/application-process
U.S. Secretary of Energy, Senator Granholm's Visit to Arizona Spoke
-Cycle
407
4
OLI-CA
Conditional Commitment
LPO offers term sheet for
loan or loan guarantee. The
offer is contingent on
borrower satisfying certain
conditions.
Left to right: Christopher Moon, Li-Cycle's Arizona Spoke Plant Manager, Ajay Kochhar, Li-Cycle's CEO and co-founder,
Secretary Jennifer Granholm, U.S. Department of Energy, and Mark Kelly, U.S. Senator of Arizona
Li-Cycle's current status |
5
Financial Close
I
LPO and borrower execute
definitive financing
documents, subject to
additional conditions
precedent to loan
disbursements.
"Companies like Li-Cycle are
helping to strengthen our
energy security and advance
the next generation of battery
manufacturing and recycling
technologies - bringing
Arizona and the nation one
step closer to reaching our
climate goals."
CO
- U.S. Secretary of Energy
Senator Jennifer Granholm
6
Monitoring
LPO monitors project and
acts as trusted partner for
I the life of the loan, acting in
I the best interest of the U.S.
government and taxpayers.
Li-Cycle 16View entire presentation