Fisker said an event of default occurred with respect to its 2024 notes after the company failed to make the repayment required for the week ended May 10.
- The noteholder CVI Investments is exercising its rights to accelerate the 2024 note by requiring the company to immediately redeem 100% of the outstanding notes
- NOTE: Fisker sold $3.5 million of senior secured note due 2024 to CVI Investments in a private offering on May 10
To view the source of this information, click
To contact the reporter on this story:
To contact the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.