Polestar enters USD 400 million term loan facility with Geely Sweden Automotive Investment AB

Polestar signed a USD 400 million term loan facility with Geely Sweden Automotive Investment on Sept. 3, 2026.

• USD 100 million is committed in dollars; USD 300 million is uncommitted, expected to be disbursed in RMB with lender consent.
• The facility matures 365 days from the first draw and is available to draw until Sept. 30, 2026.
• The lender can convert principal or accrued interest into shares, priced off the 5-day average Nasdaq ADS close before notice.
• Term A pricing is Term SOFR with a 0% floor + 3.20%; Term B is 4.48% unless disbursed in USD.