Tesla ($TSLA) entered into $30 billion of new senior unsecured credit facilities on September 29, according to an SEC filing. The financing includes a $20 billion delayed-draw term loan and $10 billion across two revolving facilities, although Tesla said it does not currently plan to draw on the facilities in 2026.
- The package includes a $20 billion three-year delayed-draw term loan, an $8 billion five-year revolving facility and a $2 billion 364-day revolving facility.
- Tesla can draw the $20 billion term facility up to 10 times during the first 18 months, with outstanding loans maturing in September 2029.
- The company can potentially increase commitments under the two revolving facilities by another $4 billion, subject to certain conditions.
- No loans were outstanding under the new facilities as of September 29.
- Tesla simultaneously terminated its previous $5 billion revolving credit facility, which had no outstanding borrowings.
Relevant Companies
- Tesla ($TSLA) - The new agreements provide substantially expanded access to corporate financing.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
