News

Allen & Overy advises Polestar on USD950m financing

Published Date
Mar 5 2024
London – Allen & Overy (A&O) has advised Polestar Automotive Holding UK (Polestar), the Swedish electric performance car brand, in connection with a USD950m three-year loan facility provided by a syndicate of twelve leading international banks.

It provides Polestar with the funds it requires to finance the next stage of its development and covers a large majority of its estimated financing needs.

The A&O team was led by banking and finance partner Catherine Lang-Anderson alongside senior associates Marianne Mendes Webber and Isabella Lewis and supported by trainees Max Brankin and Ellen Liu.

Catherine Lang-Anderson, Partner at A&O said, “We were delighted to advise Polestar on this deal which signals a new phase in Polestar’s business”.

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This content was originally published by Allen & Overy before the A&O Shearman merger

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