ChargePoint Holdings Secures $186.5 Million Senior Secured Term Loan in Exchange Agreement
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ChargePoint Holdings Inc. has secured a $186.5 million senior secured term loan, replacing its previous $150 million revolving credit facility. This new financing is part of an exchange transaction where ChargePoint swapped $328.6 million of its convertible senior notes for the new loan, $25 million in cash, and warrants for 1,671,000 shares. Only $11.3 million of the original notes remain outstanding. The transaction was disclosed via the U.S. SEC's EDGAR system.
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