Northvolt Told $1.5 Billion Loan Guarantee Is Out of Reach [BNN Bloomberg (Canada)]
PJT Partners Inc. Class A (PJT)
Last pjt partners inc. class a earnings: 4/28 06:50 am
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Source: BNN Bloomberg
Northvolt paused the build-out at Skelleftea, in northern Sweden, last month, and this week put the unit managing the project into bankruptcy. It's among the growth plans that the troubled electric-vehicle supplier has scaled back as it contends with a cash crunch. “The loans that our guarantee would cover were intended to finance the Skelleftea expansion, which the company now has halted,” NDO Director General Karolina Ekholm said in emailed response to questions from Bloomberg. Northvolt has said it will now focus on raising production at the main plant near the Arctic Circle. The company is scrambling to line up financing that would shore up liquidity and allow it to continue in business. A $28 million tax bill due Oct. 14 could be the company's next financial hurdle. The NDO guarantees are part of a $5 billion green-loan package — one of the largest of its kind — announced by Northvolt in January. It included funding for the expansion at the Northvolt Ett plant and refinanc
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PJT
Earnings
- 10/29/24 - Beat
PJT
Sec Filings
- 11/13/24 - Form 144/A
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- PJT's page on the SEC website