Workhorse raises customer order credit facility with Motive GM Holdings II to $30 million
WKHS•Workhorse Group amended its credit agreements with Motive GM Holdings II, increasing its customer order credit commitment to $30 million from $20 million. Interest on the additional $10 million loan and three $10 million cash flow loans is deferred until the first applicable payment date after March 31, 2027.
1. Credit agreement changes
Workhorse Group amended its credit agreements with lender Motive GM Holdings II on Oct. 27, 2026. The Customer Order Credit Agreement commitment increased to $30 million from $20 million, with interest deferred on the additional $10 million loan. Amendments to the Cash Flow Credit Agreement defer interest on three $10 million loans, effective retroactively to April 25, 2026. Deferred interest under both agreements becomes payable on the first applicable interest payment date after March 31, 2027.
