Financing ·
ECARX Holdings Inc. has upsized its 2025 Convertible Senior Notes to an aggregate principal amount of $130 million
ECXECARX Holdings Inc.
ECARX Holdings Inc. has upsized its 2025 Convertible Senior Notes to an aggregate principal amount of $130 million. The transaction involves an amendment to the existing Note Purchase Agreement to accommodate additional institutional capital support. The noteholders include SPDB International (Hong Kong) Limited, CNCB (Hong Kong) Investment Limited, ICBC International Investment Management Limited, E.I.P. Funds (Cayman Islands) SPC, Nomura International PLC, and other affiliated funds. The notes carry a 5% simple interest rate per annum and are scheduled to mature on November 14, 2028. The company operates in the automotive technology industry, focusing on the design and development of smart cockpit products.