Tesla Motors amended its ABL credit agreement with Deutsche Bank York Branch, as administrative agent and collateral agent.

According to a related 8-K filing, the lenders increased the revolving commitments under the credit agreement by $200 million, thereby increasing the total revolving commitments from $1 billion to $1.2 billion. They also amended the credit agreement to permit the company to obtain up to $50 million of additional commitments pursuant to the terms of the agreement.

Concurrently, Tesla Finance and Tesla 2014 Warehouse SPV, each a wholly-owned direct or indirect subsidiary of the company, entered amended the warehouse agreement. Deutsche Bank served as administrative agent for the transaction. Among other things, the amendment increased the maximum facility limit under the warehouse agreement by $300 million, increasing the total facility limit to $600 million. The amendment also modified certain terms to facilitate the joinder of certain types of additional lenders, including those in the Citi Lending Group.

In connection with the amendment, Tesla entered into an assumption agreement with Citibank as group agent and the warehouse administrative agent, and Citi Lending Group agreed to a commitment of $300 million under the warehouse agreement. Together with existing commitments, as of December 15, 2016, the company had commitments for the full $600 million available under the warehouse agreement.