Chinese Banks Provide Up to $1.9B Financing for Tesla Shanghai
Tesla Shanghai entered into a revolving loan agreement with a group of Chinese banks.
December 27, 2019
Tesla
nadine
Tesla Shanghai entered into a revolving loan agreement with a group of Chinese banks.
Tesla amended its ABL agreement to increase revolving commitments from $1.2 billion to $1.825 billion, with provisions to increase the total to $2 billion. Deutsche Bank served as administrative agent.
Tesla Motors received a credit line of $300 million from Deutsche Bank (USA) to support the Tesla Finance direct vehicle leasing program.