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Allen & Overy advises Polestar on USD950m financing

Allen & Overy advises Polestar on USD950m financing

News
05 March 2024
Related people
Lang-Anderson Catherine
Image of Marianne Mendes Webber
Image of Isabella Lewis
Lang-Anderson Catherine
Catherine Lang-Anderson

Partner

London
Image of Marianne Mendes Webber
Marianne Mendes Webber

Senior Associate

London
Image of Isabella Lewis
Isabella Lewis

Senior Associate

London
dArdenne Tom
Tom d'Ardenne

Counsel

London
Lemmon Esther
Esther Lemmon

Partner

London
Image of Amy Bowen
Amy Bowen

Associate

London
Lo Cindy
Cindy Lo

Partner

Hong Kong
Ma Antonia
Antonia Ma

Senior Associate

Hong Kong

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London – Allen & Overy (A&O) has advised Polestar Automative Holding UK (Polestar), the Swedish electric performance car brand, in connection with a USD950m three-year loan facility provided by a syndicate of twelve leading international banks.

It provides Polestar with the funds it requires to finance the next stage of its development and covers a large majority of its estimated financing needs.

The A&O team was led by banking and finance partner Catherine Lang-Anderson alongside senior associates Marianne Mendes Webber and Isabella Lewis and supported by trainees Max Brankin and Ellen Liu.

Catherine Lang-Anderson, Partner at A&O said, “We were delighted to advise Polestar on this deal which signals a new phase in Polestar’s business”.

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