Financing ·
Workhorse Group Inc. entered into an Omnibus Amendment No. 2 to its existing credit agreements with Motive GM Holdings…
WKHSWorkhorse Group Inc.
Workhorse Group Inc. entered into an Omnibus Amendment No. 2 to its existing credit agreements with Motive GM Holdings II LLC. This amendment increases the Cash Flow Credit Agreement commitment-to-level from $20,000,000 to $30,000,000, while reducing the Customer Order Credit Agreement commitment to $20,000,000. The company is also obligated to issue equity warrants to the lender as consideration for these amendments. Workhorse Group Inc. operates in the electric vehicle industry and manufactures commercial electric vehicles.