Loan & DebtJul 17, 2026, 06:51 AM
ECARX Amends $130M Convertible Senior Note Agreement
AI Summary
ECARX Holdings Inc. has filed an Amendment Deed to its Convertible Note Purchase Agreement and the associated Convertible Senior Notes. The amendments, effective July 17, 2026, involve restating the terms and conditions of the notes and updating various clauses within the purchase agreement. This affects the US$130,000,000 aggregate principal amount of notes held by multiple investors, including SPDB, CNCB, ICBCI, ECCB, ECMS, EHZF, and Nomura.
Key Highlights
- Amends Convertible Note Purchase Agreement and Convertible Senior Note Conditions.
- Affects US$130,000,000 aggregate principal amount of convertible notes.
- Involves investors: SPDB, CNCB, ICBCI, ECCB, ECMS, EHZF, and Nomura.
- Updates definitions for 'Accession Deed', 'Aggregate Purchase Price', and 'Convertible Senior Note'.
- Modifies clauses on additional note issuance, assignment, and investor covenants.
- Confirms Hong Kong law as governing law and HKIAC for dispute resolution.
Price Impact
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