Polestar Secures ~$274M Debt-To-Equity Conversion From Volvo Cars, Extends Remaining ~$661M Shareholder Loan Maturity To December 2031
Benzinga·03/31/2026 07:34:00
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- Initial approximate USD 274 million debt-to-equity conversion and extension of shareholder loan from Volvo Cars, with a further conversion of approximately USD 65 million expected later in the second quarter
- Intention to consolidate manufacturing of Polestar 3 in Charleston, South Carolina, USA to drive efficiencies
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