DCFC - Tritium DCFC announces $150M debt facility $75M committed equity facility

• Tritium DCFC ( NASDAQ: DCFC ) on Tuesday announced a $150M debt facility from a consortium of investors and a $75M committed equity facility established with B. Riley Principal Capital II.
• This funding will be used for working capital, product development, and operational support and expansion.
• The working capital will help DCFC ramp up production and fulfill the large number of orders on hand from its blue-chip customer base.
• The $150M senior debt facility will refinance the existing $90M facility and provide a net injection of $60M.
• The facility has a three-year term and 8.5% cash coupon supplemented with the issue of warrants to lenders for the purchase of DCFC shares.
• The committed equity facility will provide DCFC with the right, without obligation, to sell and issue up to $75M of its shares to B. Riley at its sole discretion.

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