Reported 2 days ago
Swedish battery manufacturer Northvolt is making strides in securing additional bankruptcy financing, anticipating a proposal by late January after engaging over 100 potential lenders. The company entered bankruptcy on November 21 with a $100 million loan from Scania but seeks further financial support to complete its restructuring. Northvolt is set to present a long-term financing plan to a U.S. bankruptcy judge on January 28, while continuing normal operations amidst its debt restructuring efforts.
Source: YAHOO