Tesla Lines Up Credit At Big Banks Amid Spending Ramp

By | June 12, 2015

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With its battery Gigafactory under way, a new Tesla Energy division getting going and the Model X coming out soon, Tesla Motors (TSLA) is lining up financing sources. The luxury electric car maker and its Netherlands subsidiary have entered into a senior secured asset-based revolving credit agreement of up to $500 million with a group of big banks, according to a new Tesla filing with the Securities and Exchange Commission. The banks are Deutsche Scalper1 News

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