Workhorse Increases Cash Flow Credit to $30M, Reduces Customer Order to $20M

Workhorse Group Inc. entered into an Omnibus Amendment No. 2 to its credit agreements with Motive GM Holdings II LLC. The amendment increases the Cash Flow Credit Agreement commitment from $20 million to $30 million, with interest payments on the additional $10 million deferred until after September 30, 2026. Concurrently, the Customer Order Credit Agreement commitment was reduced from $30 million to $20 million. As consideration for these amendments, Workhorse is obligated to issue warrants to purchase equity interests to the lender.