Faraday Future amends $10M convertible note with prepayment terms
Faraday Future amended its $10 million senior convertible note to allow prepayment of principal and interest and to set a flexible repayment schedule.
Faraday Future amended its $10 million senior convertible note with an institutional investor to allow prepayment of principal and interest and to set a flexible repayment schedule. In a related move, the company, the investor and East West Bank amended the deposit account control agreement.