Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Proterra Inc incurred convertible notes of $200 million with CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP at 12.0% per annum, consisting of 5.0% in cash and 7.0% payment-in-kind maturing August 4, 2028.
- Instrument
- convertible notes
- Principal
- $200 million
- Counterparty
- CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP
- Rate
- 12.0% per annum, consisting of 5.0% in cash and 7.0% payment-in-kind
- Maturity
- August 4, 2028
- Event
- incurrence
Exact text from the filing
party thereto and CSI GP I LLC, as collateral agent (the “Collateral Agent”) pursuant to which secured convertible promissory notes in the initial aggregate principal amount of $200 million were issued (the “Existing Notes”), as well as the amendment of certain provisions to the Existing Notes held by the Cowen Parties in the aggregate principal amount of $150
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proterra Inc amended Binding Letter of Intent with CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP (collectively, the "Cowen Parties") valued at $150 million (effective 2023-03-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC, CSI PRTA Co-Investment LP (collectively, the "Cowen Parties")
- Value
- $150 million
- Effective
- 2023-03-19
Exact text from the filing
On March 19, 2023, Proterra Operating Company, Inc. (“Proterra OpCo”), a wholly owned subsidiary of Proterra Inc (the “Company” or “Proterra”) entered into a binding letter of intent (the “Binding Letter of Intent”) with CSI I Prodigy Holdco LP, CSI Prodigy Co-Investment LP, CSI GP I LLC and CSI PRTA Co-Investment LP (collectively, the “Cowen Parties”).
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