Lion electric reaches definitive agreement in respect of the sale of innovation center located in mirabel, quÉbec

Net proceeds to be used towards partial repayment of the company's senior secured non-convertible debentures issued in july 2023 montreal , dec. 5, 2024 /prnewswire/ - the lion electric company (nyse: lev) (tsx: lev) ("lion" or the "company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has reached a definitive agreement with aÉroport de montreal to sell its innovation center facility located in mirabel, quÉbec, for a purchase price of c$50,000,000, subject to customary purchase price adjustments and closing conditions. all of the net proceeds from the transaction are intended to be used towards the partial repayment of the company's senior secured non-convertible debentures issued in july 2023, holders of which currently benefit from a first ranking hypothec over the immovable/real rights related to the innovation center facility.
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