Business & Finance
Waymo Charging Partner Terawatt Raises Up to $300 Million in Debt
Key Points
Waymo Charging Partner Terawatt Raises Up to $300 Million in Debt Terawatt Infrastructure Inc., a company that provides chargers for electric cars and counts Waymo as a customer, said it is borrowing as much as $300 million from banks to support the acquisition and development of charging facilities in the US and abroad. A group of banks led by RBC Capital Markets has set up a five-year senior secured credit facility of as much as $150 million, with an option for up to an additional $150...
Waymo Charging Partner Terawatt Raises Up to $300 Million in Debt
Terawatt Infrastructure Inc., a company that provides chargers for electric cars and counts Waymo as a customer, said it is borrowing as much as $300 million from banks to support the acquisition and development of charging facilities in the US and abroad.
A group of banks led by RBC Capital Markets has set up a five-year senior secured credit facility of as much as $150 million, with an option for up to an additional $150 million, according to a statement on Wednesday. Other lenders in the syndicate include Sumitomo Mitsui Banking Corp. and UBS Group AG.