Loan & DebtJun 3, 2026, 09:22 AM
Polestar extends loan termination to June 2027; Margin set at 3.20%
AI Summary
Polestar Automotive Holding UK PLC has amended its Term Facility Agreement with Geely Sweden Automotive Investment AB. The amendment extends the loan's termination date to June 30, 2027, and sets the interest margin at 3.20% per annum. This modification also updates the interest payment schedule, requiring accrued interest to be paid on the new termination date.
Key Highlights
- Polestar amended its Term Facility Agreement with Geely Sweden Automotive Investment AB.
- The loan's Termination Date has been extended to June 30, 2027.
- The interest Margin for the facility is set at 3.20% per annum.
- Accrued interest on the loans will now be paid on the Termination Date.
- Each Interest Period for a loan is set at three months, not extending beyond the Termination Date.
Price Impact
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