Company: PLSAY
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001884082-25-000012
Chunk: 403

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 403
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 plus 1.1%, settled quarterly                                  82,000                     82,000  
  CNY           September 2023 - September 2024      Unsecured 2      12 month LPR4 plus 0.25%, settled quarterly                                 500,000                     70,417  
  USD           September 2023 - September 2024      Unsecured 2      12 month SOFR5 plus 0.65%, settled quarterly                                118,000                    118,000  
  USD           September 2023 - September 2024      Secured 6        12 month SOFR5 plus 1.11%, settled semi-annual                              100,000                    100,000  
  CNY           October 2023 - October 2024          Unsecured 2      12 month LPR4 plus 0.15% settled quarterly                                  200,000                     28,167  
  CNY           December 2023 - December 2024        Unsecured 2      12 month LPR4 plus 1.05% settled quarterly                                   92,000                     12,957  
  USD           December 2023 - December 2024        Secured 6        12 month SOFR5 plus 1.7%, settled semi-annual                               133,000                    133,000  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                                                                                                                                            $  

1 - New vehicle inventory financed via this facility is pledged as security for 100% of the outstanding principal under the facility, via first-ranking English law security over vehicles and transport documents, until repaid. This facility consists of individual loans that have a repayment period of 90 days, and includes a covenant tied to the Group’s liquidity levels.

2 - Euro Interbank Offered Rate ("EURIBOR").

3 - People’s Bank of China (“ PBOC”) Loan Prime Rate (“ LPR").

4 - Secured by Geely, including letters of keep well from both Volvo Cars and Geely.

5 - Secured Overnight Financing Rate (“ SOFR”).

6 - Letters of keep well from both Volvo Cars and Geely.

Floorplan facilities

In the ordinary course of business, Polestar, on a market by market basis, enters into multiple low value credit facilities with various financial service providers to fund operations related to vehicle sales. These facilities provide access to credit