Arcadium Lithium (ASX:LTM) secured a second indenture deal covering 4.125% senior convertible bonds expiring within the year, according to US Securities and Exchange Commission disclosure filed with the Australian bourse.

As per the deal, Livent will settle the convertible bonds, dated June 25, 2020, in shares and cash.

Livent and Allkem merged last year to form Arcadium Lithium.

Arcadium Lithium's shares were up almost 1% in recent Friday trade.