ME News reports that on September 30 (UTC+8), Tesla entered into multiple financing arrangements, including a $20 billion three-year delayed-draw term loan facility, an $8 billion five-year revolving credit facility, and a $2 billion 364-day revolving credit facility. Tesla has terminated its existing revolving credit agreement; the new agreement permits the issuance of letters of credit up to a maximum of $500 million and allows the revolving credit facilities to be increased by up to $14 billion. (Source: ChainCatcher)
Tesla Enters Into $3 Billion Financing Arrangements
KuCoinFlashShare
Summary
Tesla Signs $3 Billion in Financing Arrangements. New token listings remain a key focus in crypto news as the EV maker finalizes a $20 billion three-year delayed-draw term loan, an $8 billion five-year revolving credit facility, and a $2 billion 364-day revolving credit facility. Tesla has terminated its existing revolving credit agreement, with the new terms allowing up to $500 million in letters of credit and a potential $14 billion expansion of the credit facility.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.