Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy
Green Car Congress
JANUARY 3, 2019
The proceeds will be used for current working capital, parts acquisitions to fulfill existing and future customer purchase orders and contracts as well as to satisfy full repayment of the senior secured notes incurred in July 2018. Workhorse Group Inc., The facility has a three-year term secured by a first priority lien on all assets.
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