Skip to main content


Freshfields represents Li-Cycle in $100m convertible note issuance to Koch

Freshfields is representing Li-Cycle Holdings Corp (“Li-Cycle”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, in its issuance of a convertible note to Koch Strategic Platforms, LLC for an aggregate purchase price of $100 million. Li-Cycle will use the proceeds of the investment to support its planned hub and spoke development as well as its growth opportunities in North America, Europe and Asia. More details about the transaction can be found here.

Freshfields previously represented Li-Cycle in its de-SPAC transaction which closed in August 2021 and raised $580 million to support the company’s expansion.

The Freshfields team was led by partners Paul Tiger and Andrea Merediz Basham and associates Iantha Stewart and Scott Blumenkranz.


About Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP is a global elite law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.

Freshfields is ranked by Chambers Global in Band 1 across the six areas of antitrust, corporate/M&A, litigation, international arbitration, tax, and public international law. For more information visit

This material is for general information only and is not intended to provide legal advice.