Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 192

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 192
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30

Table of Contents

11. BORROWINGS

                                                                As of December 31,                                              
                                                                2024                                 2023                       
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Bank loans - Syndicated loans (Note a)                        $                       286,944      $                 309,425  
  Bank loans - Loans for batteries (Note b)                                              49,084                         85,276  
  Bank loans - Loans for procurement and operating capital                               20,740                         15,470  
                                                                $                       356,768      $                 410,171  
  Current                                                                               103,018                         75,590  
  Non-current                                                                           253,750                        334,581  
                                                                $                       356,768      $                 410,171  
  Interest rates                                                                                                                
  Bank loans - Syndicated loans                                 3.39%- 3.41%                         3.21%- 3.26%               
  Bank loans - Loans for batteries                              3.44%                                3.25%                      
  Bank loans - Loans for procurement and operating capital      2.23%- 2.61%                         2.05%- 2.30%               

a. Bank loans - Syndicated loans

                        As of December 31,                                      
                        2024                                 2023               
 ────────────────────────────────────────────────────────────────────────────────
  Syndicated loans      $                       286,944      $         309,425  
  Current               $                        33,194      $          27,552  
  Non-current                                   253,750                281,873  
                        $                       286,944      $         309,425  

In order to replenish the operating fund for purchasing the batteries of electric scooters, for building battery swapping stations and for developing upgraded batteries of electric scooters, Gogoro Network, Taiwan Branch has signed a syndicated loan agreement with Mega International Commercial Bank Co., Ltd. (the “ Mega Bank”), the mandated lead arranger, and other banks or financial institutions as participants in August 2016. Such syndicated loan agreement was renewed in March 2019 with a five-year 7,200.0 219.6 five-year 10,700.0 326.4

Refer to Note 7 for information in relation to demand deposits pledged as collateral.

b.