Tesla raises borrowing capacity under warehouse agreements to $1.1 bln [Reuters]
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Source: Reuters
Tesla raises borrowing capacity under warehouse agreements to $1.1 billion | Reuters Reuters Staff 1 Min Read (Reuters) - Tesla Inc ( TSLA.O ) said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan. The company has increased the borrowing capacity to $1.1 billion from $600 million, under certain warehouse agreements, the company said in a filing. ( bit.ly/2yx2P58 ) In August, Tesla said it would raise about $1.5 billion through its first-ever offering of junk bonds as it seeks fresh sources of cash to ramp up production of its new Model 3 sedan. Reporting by Laharee Chatterjee in Bengaluru; Editing by Shounak Dasgupta All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. Tesla raises borrowing capacity under warehouse agreements to $1.1 billion (Reuters) - Tes
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