financetom
Business
financetom
/
Business
/
Factbox-Who are bankrupt Northvolt's creditors?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-Who are bankrupt Northvolt's creditors?
Dec 4, 2024 4:21 AM

(Reuters) -Northvolt, the Swedish maker of battery cells for electric vehicles, on Nov. 21 filed for Chapter 11 bankruptcy protection in the United States with debts of $5.8 billion and only $30 million in cash.

Here are Northvolt's creditors listed in its Chapter 11 bankruptcy filing and outstanding principal amounts:

NORTHVOLT AB UNSECURED DEBT FACILITIES

Total Northvolt AB Debt: $3.9 billion

* Volta Convertible Instrument: due Aug. 17, 2027; $2.76 billion

* KfW Convertible Instrument: due June 30, 2028; $670 million

* VW Convertible Instrument: due Dec. 31, 2025; $330 million * Shareholder Bridge Facility: due Aug. 14, 2025; $154 million

SECURED DEBT FACILITIES FOR NORTHVOLT ETT, ITS ONLY OPERATING BATTERY FACTORY IN NORTHERN SWEDEN

Total Northvolt Ett Debt: $1.74 billion

* Euler Hermes Covered Term Loan: due Dec. 31, 2029; $470 million

* Northvolt Ett Second Lien: due June 30, 2030; $405 million

* EIB Term Loan: due Dec. 31, 2029; $313 million

* NEXI Covered Term Loan: due Dec. 31, 2029; $131 million

* Revolving WC Facility: due Dec. 31, 2029; $110 million

* KEXIM Term Loan: due Dec. 31, 2029; $87 million

* Northvolt Ett Inventory Financing: due Jan. 24, 2025; $72 million

* BPIAE Covered Term Loan: due Dec. 31, 2029; $67 million * Commercial Uncovered Term Loan: due Dec. 31, 2029; $45 million * Northvolt Ett Second Inventory Financing: due March 18, 2025; $42 million

CANADIAN SECURE DEBT FACILITY

* Northvolt Canada Land Loan: due Oct. 31, 2038; $181 million

UNSECURED CREDITORS

Northvolt's unsecured creditors include its largest shareholders Goldman Sachs and Volkswagen, whose brands Scania, Porsche and Audi are customers of the battery maker. Volta, a company which tests battery systems, is its largest creditor.

* Volta: $3.85 billion

* KFW: $696.0 million

* Volkswagen: $355.3 million

* Nordic Trustee and Agency: $154.0 million

* SFA Engineering: $30.2 million

* BHP Billiton Marketing: $30.2 million

* Axima Concept Sweden Filial: $21.5 million

* Wuxi Lead Intelligent Equipment: $19.7 million

* Easpring Technology (Changzhou) New Material: $16.9 million

* Bravida Sverige: $10.0 million

* Microsoft: $8.9 million

* Jiangsu Easpring Material Technology: $7.1 million

* LF: $6.3 million

* Tianqi Lithium Kwinana: $6.1 million

* Sodexo: $5.9 million

* Skellefteå Kraftaktiebolag: $5.5 million

* BNP Paribas: $5.2 million

* RJ And Collab: $5.0 million

* Goldman Sachs Bank Europe: $4.8 million

* Stena Recycling: $4.6 million

* Senior Material (Europe): $4.5 million

* Randstad: $4.3 million

* Kedali Sweden: $4.2 million

* Hanwha Momentum: $4.1 million

* Ventpartner I Västmanland: $4.1 million

* Kataoka Corporation: $4.0 million

* Axima Concept: $3.9 million

* J.P Morgan: $3.7 million

* CIS: $3.7 million

* Vakanta: $3.5 million

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved