Workhorse Group Inc

NASDAQ:WKHS   3:59:57 PM EDT
20.37
+0.20 (+1.02%)
4:16:24 PM EDT: $20.30 -0.07 (-0.34%)
Debt Financing / Related, Equity Financing / Related

Workhorse Secures $200 Million Financing From Institutional Lenders

Published: 10/12/2020 12:20 GMT
Workhorse Group Inc (WKHS) - Workhorse Secures $200 Million Financing From Institutional Lenders.
Workhorse - Entered Into a Note Purchase Agreement Under Which It Will Sell $200 Million of Its 4.0% Senior Secured Convertible Notes Due 2024.
Workhorse Group Inc - Will Sell $200 Million of Its 4.0% Senior Secured Convertible Notes Due 2024 to Two Institutional Lenders.
Workhorse Group Inc - Proceeds of Offering Before Expenses Are Expected to Be About $194.5 Million.
Workhorse - Entered Into an Exchange Agreement With Holder of Its Existing 4.5% Convertible Notes to Exchange Full $70.0 Million of Notes for Co's Shares.