Polestar completes $640M in debt-to-equity conversions in 2026

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Go back to Polestar completes $640M in debt-to-equity conversions in 2026

Polestar Announces Completion of USD 640 Million Debt-to-Equity Conversions

July 1, 2026 9:00 AM EDT

Total of USD 640 million debt converted into Polestars equity since the start of 2026Term of recent shareholder loan from Geely Sweden Holdings AB extendedGreen Trade Finance Facility increased to EUR 450 million

GOTHENBURG, Sweden--(BUSINESS WIRE)--

Polestar (Nasdaq: PSNY) announces that Geely Sweden Holdings AB and Volvo Cars completed previously announced debt-to-equity conversions. On 30 June 2026, approximately USD 300 million and USD 66 million of their respective outstanding shareholder loans were converted into Polestars equity. This brings the total of debt converted by the parties... More