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Tesla agrees to sell $1.80B of senior notes

12 August 2017

Following its announcement of a proposed $1.50-billion senior notes offering on 7 August 2017 (earlier post), Tesla announced that it has agreed to issue and sell $1.80 billion in aggregate principal amount of senior notes due in 2025, representing a 20% upsize.

The Notes will have an annual interest rate of 5.30%, and the transaction is expected to close on 18 August 2017, subject to customary closing conditions.

Tesla intends to use the net proceeds from this offering to strengthen its balance sheet during this period of rapid scaling with the launch of Model 3 and for general corporate purposes.

The Notes have not been registered under the Securities Act of 1933, as amended or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and outside the United States to non-US persons pursuant to Regulation S under the Securities Act.

August 12, 2017 in Brief | Permalink | Comments (1)


"..may not be offered or sold in the United States.."
There is NO market for them, you hold until maturity.

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