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Polestar secures $300m equity injection as Geely converts debt to shares
Yahoo Financeยท 2025-12-22 12:35
Swedish automotive manufacturer Polestar has secured a $300m equity injection aimed at shoring up its liquidity and capital structure. The funding came alongside a separate debt-for-equity move by shareholder Geely Sweden Holdings. The equity investment is being provided in equal tranches of $150m by Banco Bilbao Vizcaya Argentaria (BBVA) and Natixis. In conjunction with their investment, both banks have reached put option deals with a wholly owned subsidiary of Geely Sweden Holdings. These options gi ...