Tesla has entered into three new credit agreements totaling $30 billion, consisting of a term loan and two revolving credit facilities. These new arrangements replace a previous $5.0 billion revolving credit facility, which was terminated simultaneously. The proceeds will be used for general corporate purposes, significantly increasing the company's available capital.
Key Details
- Total Facilities: $30 billion in new senior unsecured credit agreements entered into on September 29, 2026.
- Facility Breakdown: The agreements include a $20.0 billion three-year term loan, an $8.0 billion five-year revolving facility, and a $2.0 billion 364-day revolving facility.
- Facility Termination: In connection with the new agreements, Tesla terminated its existing $5.0 billion revolving credit agreement, which had no outstanding borrowings.
- Key Covenant: The new credit agreements require Tesla to maintain at least $5.0 billion of consolidated liquidity. As of the filing date, no loans were outstanding under the new facilities.