Tesla enters USD 20 billion delayed-draw term loan facility with Citibank-led lenders
Bitget2026/09/29 20:39- Tesla entered new senior unsecured credit agreements on Sept. 29, 2026, totaling USD 30 billion across term and revolving facilities.
- Package includes a USD 20 billion three-year delayed-draw term loan led by Citibank as administrative agent.
- Revolving facilities total USD 10 billion, comprising a USD 8 billion five-year revolver and a USD 2 billion 364-day revolver.
- New revolvers replace a USD 5 billion revolver due 2028, terminated with no borrowings outstanding or early termination penalties.
- Credit agreements require at least USD 5 billion of consolidated liquidity; no loans were outstanding under the new facilities at signing.
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