Tesla signed three unsecured credit agreements totaling $30 billion: a $20 billion term-loan facility and two revolving lines worth $10 billion together. The undrawn term-loan commitment will shrink over its availability period. Tesla had not borrowed under the new facilities as of September 29. The agreements provide potential funding capacity for the coming years rather than representing an immediate cash borrowing.
Tesla signed three new unsecured credit agreements on September 29, providing $30 billion in total capacity. They comprise a $20 billion delayed-draw term loan and two revolving lines worth $8 billion and $2 billion. Those amounts describe available credit commitments, not cash that Tesla has already borrowed. Zacks Equity Research reported that the company had no outstanding borrowing under the new facilities as of September 29.[1], [2]
Tesla may draw on the $20 billion term-loan facility no more than ten times during the first 18 months after closing. The undrawn commitment falls to $10 billion after one year and $5 billion after 15 months; any remainder expires at 18 months. Loans drawn under it mature on September 29, 2029. Thus the headline facility amount will not remain fully available throughout the period. Citibank acts as administrative agent for this portion of the package.[1]
The $8 billion revolving line runs to September 29, 2031, while the $2 billion line ends on September 28, 2027. Wells Fargo is administrative agent for both. The five-year line permits borrowing in dollars, sterling or euros, and Tesla may request extensions under specified conditions. The agreements require at least $5 billion in consolidated liquidity. Tesla terminated a previous $5 billion revolving agreement due in 2028 as it entered the new arrangements.[1]
