LION ELECTRIC ANNOUNCES EXPIRY OF COVENANT RELIEF PERIOD AND DEFAULTS UNDER CERTAIN OF ITS SENIOR DEBT INSTRUMENTS [Globe and Mail, The (Toronto, Canada)]
The Lion Electric Company Common Shares (LEV)
Company Research
Source: Globe and Mail, The
MONTREAL Dec. 17, 2024 /CNW/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada , as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec (the "Revolving Credit Agreement"), as well as the maturity of the Company's loan agreement entered into with Finalta Capital Fund, L.P., as lender and administrative agent, and Caisse de dépôt et placement du Quebec (through one of its subsidiaries), as lender (the "Finalta CDPQ Loan Agreement"). The Company had previously announced on December 1, 2024 amendments to the Revolving Credit Agreement and the Finalta CDPQ Loan Agreement in order to extend the covenant relief period
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News
- EV Startups on a Rough Road: Lion Electric Becomes the Latest Casualty [Yahoo! Finance]Yahoo! Finance
- Lion Electric applies to Quebec court for protection from creditors under CCAA [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- LION ELECTRIC FILES APPLICATION FOR CREDITOR PROTECTION UNDER THE CCAA [Yahoo! Finance]Yahoo! Finance
- LION ELECTRIC FILES APPLICATION FOR CREDITOR PROTECTION UNDER THE CCAAPR Newswire
- Lion Electric Expects Bankruptcy Filing Amid EV Pushback [Yahoo! Finance]Yahoo! Finance
LEV
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/6/24 - Form 25-NSE
- LEV's page on the SEC website