# Atico Closes $16.4M Debt Deal with Trafigura

> Atico Mining settles legacy liabilities with Trafigura, funding La Plata project construction by Q1 2027.
- Title: Atico Closes $16.4M Debt Deal with Trafigura · Financialpost
- Summary: Atico Mining settles legacy liabilities with Trafigura, funding La Plata project construction by Q1 2027. Atico Mining Corporation closed a $16.4 million…
- Keywords: atico, trafigura, convertible debenture, la plata project, tsxv, q1 2027, legacy liabilities, money, business, Closes, Debt, Deal
- Source: Financialpost — https://financialpost.com/globe-newswire/atico-announces-closing-of-us16-4-million-convertible-debenture-private-placement-and-settles-legacy-liabilities
- Read time: 1 min
- Topics: atico, trafigura, convertible debenture, la plata project, tsxv, q1 2027, legacy liabilities, money, business
## Atico Mining closes debt deal
Atico Mining Corporation closed a $16.4 million convertible debenture private placement with Trafigura affiliate.
## Settles legacy liabilities
The company settles legacy liabilities due at end of this year and next year with Trafigura.
## Funds La Plata project
Atico now fully funded to execute pre-construction activities through Q1 2027 construction start.
## Trafigura credit agreement conversion
Trafigura converts $3.52 million debt to convertible debenture with $12.48 million advance.
## Conversion terms
Convertible debenture converts at $0.22 per share, 40% premium over September 28, 2026 VWAP.
## Maturity and interest terms
Debenture matures in 5 years and 1 day with 7% cash interest or 10% share interest.
## Key takeaway

Atico Mining Corporation closed a $16.4 million convertible debenture with Trafigura to settle legacy liabilities and fund La Plata project construction starting in Q1 2027.