Polestar Secures ~$274M Debt-To-Equity Conversion From Volvo Cars, Extends Remaining ~$661M Shareholder Loan Maturity To December 2031
Benzinga Newsdesk 7 months ago
News
Initial approximate USD 274 million debt-to-equity conversion and extension of shareholder loan from Volvo Cars, with a further conversion of approximately USD 65 million expected later in the second quarterIntention to
- Initial approximate USD 274 million debt-to-equity conversion and extension of shareholder loan from Volvo Cars, with a further conversion of approximately USD 65 million expected later in the second quarter
- Intention to consolidate manufacturing of Polestar 3 in Charleston, South Carolina, USA to drive efficiencies