Tesla says unit entered pacts with lenders in china for secured term loan facility of up to rmb 9.0 billion

Tesla inc - on december 18, 2019, unit entered into agreements with a syndicate of lenders in china.tesla - unit entered into agreements with lenders in china for secured term loan facility of up to rmb 9.0 billion.tesla inc - unit entered into agreements with lenders in china for unsecured revolving loan facility of up to rmb 2.25 billion.tesla - proceeds from one of new facilities were used to repay unit’s drawn amounts on existing bridge loan facility of up to rmb 3.5 billion.tesla inc - secured term loan facility & unsecured revolving loan facility to be used in connection with gigafactory shanghai.tesla - unit may for period of 3 years draw funds on secured term facility of up to a total of rmb 9.0 billion.tesla - fixed asset facility is secured by land & buildings at gigafactory shanghai and is non-recourse to tesla or its assets.
TSLA Ratings Summary
TSLA Quant Ranking