Northvolt Says Voluntary Reorganization Facilitates Access To Approx $145 Mln In Cash Collateral And $100 Mln Debtor-In-Possession Financing
Nov 21 (Reuters) -Volkswagen AG VOWG_p.DE:
NORTHVOLT - OPERATIONS TO CONTINUE AS USUAL DURING CHAPTER 11 REORGANIZATION PROCESS, WITH CO MEETING OBLIGATIONS TO CUSTOMERS, VENDORS AND EMPLOYEES
NORTHVOLT - NORTHVOLT GERMANY ,NORTHVOLT NORTH AMERICA, WITH PROJECTS IN GERMANY AND CANADA, WILL CONTINUE TO OPERATE AS USUAL
NORTHVOLT - THE CHAPTER 11 FILINGS HAVE BEEN MADE IN THE U.S. BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS
NORTHVOLT- VOLUNTARY REORGANIZATION FACILITATES ACCESS TO APPROXIMATELY $145 MILLION IN CASH COLLATERAL AND $100 MILLION DEBTOR-IN-POSSESSION FINANCING
NORTHVOLT: AS PART OF RESTRUCTURING PROCESS, ANTICIPATED TO BE COMPLETED IN THE Q1 OF 2025, WILL EVALUATE PROPOSALS FOR NEW MONEY INVESTMENT
NORTHVOLT: NORTHVOLT ETT, CO'S FLAGSHIP BATTERY GIGAFACTORY IN SKELLEFTEÅ, SWEDEN, AND NORTHVOLT LABS IN VÄSTERÅS, SWEDEN WILL REMAIN OPERATIONAL
NORTHVOLT:MAY TAKE LEGAL ACTIONS IN OTHER JURISDICTIONS TO FACILITATE U.S. CHAPTER 11 PROCEEDINGS, WHICH INCLUDE ENTITIES IN U.S., SWEDEN AND POLAND
Source text: [ID:]
Further company coverage: [VOWG_p.DE]
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