Tesla (TSLA) Extends Maturity Date on Vehicle Lease Warehouse Agreements by One Year

August 21, 2018 4:36 PM EDT

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Tesla (NASDAQ: TSLA) extended the borrowing availability date under the Vehicle Lease Warehouse Agreements from August 17, 2018 to August 16, 2019 and extended the maturity date of the Warehouse Agreements from September 2019 to September 2020. The aggregate lender commitment, which is shared between the Warehouse Agreements, remains unchanged at $1.1 billion.

The agreements are with Deutsche Bank.

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Deutsche Bank, Tesla