Polestar Secures New Term Loan Facility of Up To USD 600 Million

Group 1: Credit Agreement - Polestar has entered into a credit agreement with a subsidiary of Geely Sweden Holdings AB for a subordinated term loan facility of up to USD 600 million, with the last USD 300 million contingent on lender consent based on Polestar's future liquidity needs [1] Group 2: Company Overview - Polestar is a Swedish electric performance car brand focused on design and innovation, aiming to accelerate the transition to a sustainable future, with its headquarters in Gothenburg, Sweden, and availability in 28 markets globally [2] - The company currently offers four models: Polestar 2, Polestar 3, Polestar 4, and Polestar 5, with future models including the Polestar 7 compact SUV planned for 2028 and the Polestar 6 roadster [3] Group 3: Sustainability Commitment - Polestar is committed to sustainability, aiming to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its value chain by 2040, with a comprehensive strategy focusing on Climate, Transparency, Circularity, and Inclusion [4]