Financing ·
On September 3, 2026, Polestar Automotive Holding UK PLC entered into a USD 400 million term loan facility with Geely…
PLSADPolestar Automotive Holding UK PLC
On September 3, 2026, Polestar Automotive Holding UK PLC entered into a USD 400 million term loan facility with Geely Sweden Automotive Investment AB (GSAI), an affiliate. The facility comprises a committed USD 100 million tranche and an uncommitted USD 300 million tranche denominated in Chinese Renminbi. Interest rates are set at Term SOFR plus 3.20% for the USD tranche and 4.48% for the RMB tranche, with repayment due within 365 days of first utilization. The loan includes an equity conversion option allowing GSAI to convert debt into Polestar shares based on a five-day average NASDAQ closing price. This financing is subordinated to existing Club Loan Facilities and contains customary covenants and default provisions. Polestar Automotive Holding UK PLC operates in the electric vehicle manufacturing industry.