Polestar Says Volvo Cars Has Extended The Maturity Of Its Outstanding Term Loan By Over Three Years To June 2027
Portfolio Pulse from Benzinga Newsdesk
Volvo Cars has extended the maturity of its outstanding term loan by over three years to June 2027. Additionally, Geely Sweden Automotive Investment AB, an affiliate of Geely Holding, is providing a $250 million term loan on similar terms, including the maturity in June 2027.
November 08, 2023 | 9:07 pm
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Polestar, indirectly mentioned in the news, may be affected by Volvo Cars' extended loan maturity and the new loan from Geely Sweden Automotive Investment AB.
While Polestar (PSNY) is not directly mentioned in the news, it is a subsidiary of Volvo Cars and Geely. Therefore, the financial decisions of its parent companies, such as extending loan maturities and taking on new loans, could indirectly impact Polestar's financial situation and operations.
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