07:28 AM EST, 02/28/2025 (MT Newswires) -- Polestar (PSNY) said Friday it obtained a 12-month term facility of up to $450 million and renewed its 480 million euro ($499.3 million) green trade finance facility.

The new term facility follows over $800 million in 12-month term facilities secured in December, the company said.

Polestar said it first entered into a 12-month trade finance facility in February 2022 with a syndicate of global banks.