---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-128041"
form_type: "8-K"
ticker: "EVGO"
cik: "0001821159"
company_name: "EVgo Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:14:46.756014+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EVgo closes $1.25B DOE loan facility to build 7,500 new fast charging stalls

## Summary
- DOE loan guarantee of $1.25B ($1.05B principal + up to $193M capitalized interest) to deploy ~7,500 fast charging stalls nationally.
- First draw of ~$75M expected in Jan 2025; 5-year deployment period; principal payments begin Mar 2030.
- Interest fixed at long-dated UST rate + ~1.2%; interest capitalized during deployment; 17-year tenor from first draw.
- EVgo contributed 1,594 existing stalls as collateral; expects over 1,000 US jobs; total owned network to reach at least 10,000 stalls.
- Loan closes after conditional commitment on Oct 3, 2024; Goldman Sachs acted as financial advisor; investor call at 5pm ET.

## SEC filing metadata
- accession: 0001104659-24-128041
- form_type: 8-K
- ticker: EVGO
- cik: 0001821159
- company_name: EVgo Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821159/000110465924128041/0001104659-24-128041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821159/000110465924128041/tm2430784d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-128041
- JSON: https://secwatch.observer/filing/0001104659-24-128041.json
- Plain text: https://secwatch.observer/filing/0001104659-24-128041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.