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jimmybob

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jimmybob

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Saturday, 08/12/2017 6:07:37 AM

Saturday, August 12, 2017 6:07:37 AM

Post# of 86159
Tesla to issue, sell $1.8B of senior notes due 2025
Following the announcement of Tesla's proposed $1.5B senior notes offering on August 7, Tesla announced that it has agreed to issue and sell $1.8B in aggregate principal amount of senior notes due in 2025, representing a 20% upsize. The Notes will have an annual interest rate of 5.30%, and the transaction is expected to close on August 18, subject to customary closing conditions. Tesla intends to use the net proceeds from this offering to strengthen its balance sheet during this period of rapid scaling with the launch of Model 3 and for general corporate purposes

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