Post by Polestar

Several steps have been taken to continue to improve our capital structure and extend our debt maturity profile: The completion of USD 640 million in announced debt-to-equity conversions from two of our major shareholders. Term extension of shareholder loans. Increase in Green Trade Finance Facility. Michael Lohscheller, Polestar CEO, says: “We are pleased to report the completion of debt-to-equity conversions by Geely Sweden Holdings AB and Volvo Cars. These transactions, together with further extensions of existing facilities, improve Polestar’s capital structure and lengthen our debt maturity profile, as we continue the ramp-up of our new product portfolio.” Read more here: https://lnkd.in/dF59P5qu