---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-070992"
form_type: "8-K"
ticker: "EVGO"
cik: "0001821159"
company_name: "EVgo Inc."
filed_at: "2025-07-28T23:59:59+00:00"
generated_at: "2026-05-18T00:22:38.474656+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EVgo closes $225M (up to $300M) non-recourse debt facility for charging buildout

## Summary
- Senior secured facility: $225M committed, $75M incremental, 5-year maturity, SOFR+3.25% (step-up to +3.50% in year 5).
- First draw of ~$48M received July 24, 2025; proceeds cover 60% of eligible project costs.
- Funds deployment of 1,500+ new high-power stalls; 400 existing stalls provided as initial collateral.
- Largest US EV charging commercial bank facility; oversubscribed with 5 top-tier lenders.
- Syndicate led by SMBC, with BMO, RBC, ING Bank, and Investec as participating lenders.

## SEC filing metadata
- accession: 0001104659-25-070992
- form_type: 8-K
- ticker: EVGO
- cik: 0001821159
- company_name: EVgo Inc.
- filed_at: 2025-07-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821159/000110465925070992/0001104659-25-070992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821159/000110465925070992/tm2521611d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-070992
- JSON: https://secwatch.observer/filing/0001104659-25-070992.json
- Plain text: https://secwatch.observer/filing/0001104659-25-070992.txt

## Key facts
- Debt Financings
  EVgo Inc. incurred term loan of $225 million committed term loan facility with Sumitomo Mitsui Banking Corporation at Term SOFR plus 3.250% maturing July 23, 2030.
  - Instrument: term loan
  - Principal: $225 million committed term loan facility
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Rate: Term SOFR plus 3.250%
  - Maturity: July 23, 2030
  - Event: incurrence
  source text: The Credit Agreement provides for a term facility of up to $300 million, consisting of (i) a $225 million committed term loan facility (the “Commitments”) with a maturity date of July 23, 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821159/000110465925070992/0001104659-25-070992-index.htm

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