ECARX Holdings Inc. (ECX) Form 6-K — Jul 1, 2026
ECARX Holdings Inc. announced that its subsidiary, ECARX (Hubei) Ecological Investment Co., Ltd., has entered into a syndicated loan agreement to finance the acquisition of Hubei Qiguang Technology Co., Ltd. The loan facility provides up to RMB 1.26 billion (approximately $185 million), representing 70% of the total acquisition consideration of RMB 1.8 billion. The loan bears interest at a floating rate of the 5-year Loan Prime Rate plus 10 basis points, with a term of up to 10 years and repayments starting in December 2026.
Key figures
- Debt Amount
- 1260000000
- Interest Rate
- 5-year LPR + 10 bps
- Maturity Date
- 2036
- Currency
- RMB
- Loan Type
- Syndicated Acquisition Loan
- Security
- Pledge of 100% equity in Hubei Qiguang
- Equity Contribution Ratio
- 30%
- Acquisition Consideration
- 1800000000
AI analysis
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