Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position
Green Car Congress
MAY 3, 2022
Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. Citigroup Global Markets Inc.
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