GOTHENBURG, SWEDEN – WEBWIRE – Friday, February 28, 2025
Polestar (Nasdaq: PSNY) advises that it has secured a 12-month time period facility of as much as USD 450 million and has renewed the EUR 480 million Inexperienced Commerce Finance Facility (TFF).
In February 2025, the Firm secured as much as USD 450 million in a 12-month time period facility after having secured in December 2024 over USD 800 million in 12-month time period amenities.
Polestar initially entered right into a 12-month TFF with a syndicate of main international banks in February 2022 to help its working capital necessities and in February 2025, the power has been renewed for EUR 480 million.
Calendar
Polestar expects to publish international retail gross sales volumes for Q1 2025 on 10 April 2025.
Polestar intends to publish fourth quarter and full-year 2024 outcomes previous to or concurrently with submitting its Annual Report on Type 20-F for 2024 in April 2025.
About Polestar
Polestar (Nasdaq: PSNY) is the Swedish electrical efficiency automobile model with a give attention to uncompromised design and innovation, and the ambition to speed up the change in the direction of a sustainable future. Headquartered in Gothenburg, Sweden, its vehicles can be found in 27 markets globally throughout North America, Europe and Asia Pacific.
Polestar has three fashions in its line-up: Polestar 2, Polestar 3, and Polestar 4. Deliberate fashions embody the Polestar 5 four-door GT (to be launched in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its autos at present manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint additional, with manufacturing of Polestar 7 deliberate in Europe.
Polestar has an unwavering dedication to sustainability and has set an formidable roadmap to succeed in its local weather targets: halve greenhouse gasoline emissions by 2030 per-vehicle-sold and turn out to be climate-neutral throughout its worth chain by 2040. Polestars complete sustainability technique covers the 4 areas of Local weather, Transparency, Circularity, and Inclusion.
Ahead-Trying Statements
This press launch comprises statements that aren’t historic details, however relatively forward-looking statements throughout the which means of Non-public Securities Litigation Reform Act of 1995. Such forward-looking statements embody those who tackle actions, occasions or developments that Polestar or its administration believes or anticipates could happen sooner or later. All forward-looking statements are primarily based upon, as relevant, our present expectations, varied assumptions and knowledge out there from third events. Our expectations and assumptions are expressed in good religion and we imagine there’s a affordable foundation for them. Nevertheless, there will be no assurance that such forward-looking statements will materialize or show to be appropriate as forward-looking statements are inherently topic to recognized and unknown dangers, uncertainties and different components which can trigger precise future outcomes, efficiency or achievements to vary materially from the longer term outcomes, efficiency or achievements expressed in or implied by such forward-looking statements. Quite a few dangers, uncertainties and different components could trigger precise outcomes to vary materially from these set out within the forward-looking statements, together with these dangers and uncertainties set forth within the sections entitled Danger Components and Cautionary Notice Concerning Ahead-Trying Statements in Polestars Type 20-F, and different paperwork filed, or to be filed, with the U.S. Securities and Trade Fee by Polestar. For any forward-looking statements contained on this or some other doc, we declare the safety of the protected harbor for forward-looking statements contained within the Non-public Securities Litigation Reform Act of 1995, and we assume no obligation to replace publicly or revise any such statements in gentle of latest info or future occasions, besides as required by legislation.
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