ChargePoint obtains $150 million revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, July 27 – ChargePoint Holdings, Inc. obtained a $150 million revolving credit facility led by JPMorgan Chase Bank as administrative agent and joint lead arranger along with HSBC Innovation Banking, according to a news release.

Citibank, NA and Goldman Sachs are documentation agents.

“This $150 million credit facility with four global banking partners strengthens our ability to grow with our market opportunities and is consistent with our corporate financing strategy,” said Rex Jackson, chief financial officer of ChargePoint, in the release.

“This facility reinforces ChargePoint’s strong standing with capital sources, and our dedication to maintaining a solid balance sheet while we pursue our stated goals of generating positive adjusted EBITDA and positive cash flow by the end of calendar 2024.”

Details of the revolver were not disclosed in the release.

The electric-vehicle charging network company is based in Campbell, Calif.

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