Latham & Watkins Advises 5E Advanced Materials on Funding Package and Recapitalization Transaction

5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (the Company), a boron and lithium company with US government Critical Infrastructure designation for its 5E Boron Americas Complex, has completed a comprehensive recapitalization transaction and equity investment with the holders of its senior secured convertible notes, Ascend Global Investment Fund SPC, for and on behalf of Strategic SP, Bluescape Special Situations IV LLC, and Meridian Investments Corporation. The transactions were undertaken as part of a previously announced Restructuring Support Agreement.

Latham & Watkins LLP advised 5E in the transaction, with a corporate team led by Orange County partner Drew Capurro and Singapore partner Marcus Lee, with associates Greg Van Buiten, Caitlin Nguyen, and Joanna Yam. Advice was also provided on real estate matters by San Diego partner Stephanie Fontanes and counsel Aaron Friberg; on tax matters by Houston partner Bryant Lee, with associate Dylan White; on restructuring matters by New York partner George Klidonas, with associate Alexandra Zablocki; on finance matters by Los Angeles counsel Emily Yu; and on environmental matters by Orange County partner Joshua Bledsoe, with associate Brian McCall.