Faraday Future repays USD 5 million convertible debt, cuts outstanding balance to about USD 5.88 million
FFAI•Remaining balance targeted for cash repayment
Faraday Future said full cash repayment of the remaining USD 5.88 million is targeted within six months.
Convertible debt repayment reduces outstanding balance
Faraday Future amended a May 2026 Financing convertible note to repay USD 5 million using restricted cash held under a deposit control agreement.
The outstanding note balance, including premium and make-whole interest, falls to about USD 5.88 million from about USD 10.88 million.
