- Lion Electric ( NYSE: LEV ) has secured a C$30M credit facility from global investment group CDPQ and private debt fund Finalta Capital to fund its growth strategy.
- Upon closing of the financing, an amount of C$30M was drawn on the credit facility. Lion Electric ( LEV ) used a portion of the drawn amount to pay down previous credit facilities it had concluded with Finalta Capital in May 2021.
- This bespoke financing is guaranteed by a security interest on substantially all movable property of Lion ( LEV ) and some of its subsidiaries, including a senior security on certain governmental and tax incentives and credits to be received by Lion, notably in relation to certain vehicles that the company has already delivered.
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Lion Electric secures C$30M credit facility