Polestar Secures Up to $600 Million Term Loan from Geely Unit
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Polestar Automotive Holding UK plc has secured a subordinated term loan facility of up to USD 600 million from a Geely Sweden Holdings AB subsidiary. The loan, intended for general corporate purposes, includes an initial tranche and an additional USD 300 million contingent on future liquidity needs. This agreement supports Polestar's operations and strategic initiatives.
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