Form 8-K · Current report
Tesla, Inc. 8-K, filed Sep 29, 2026
- Filed
- CIK
- 0001318605
- Accession no.
- 0001628280-26-063820
Summary
Tesla entered into $30.0 billion of senior unsecured credit facilities — a $20.0 billion three-year delayed draw term loan, an $8.0 billion five-year revolving facility, and a $2.0 billion 364-day revolving facility — and terminated its existing $5.0 billion revolving credit agreement. No loans were outstanding under the new facilities as of September 29, 2026, and Tesla said it does not currently plan to draw on them in 2026.
Key points
- The $20.0 billion delayed draw term loan matures September 29, 2029, with undrawn commitments stepping down to $10.0 billion after one year, $5.0 billion after 15 months, and terminating after 18 months.
- The five-year revolving facility is administered by Wells Fargo Bank and matures September 29, 2031, with up to $500 million available for letters of credit and up to two one-year extension options.
- The 364-day revolving facility matures September 28, 2027, and carries a term-out option to extend outstanding loans by one year.
- The credit agreements require Tesla to maintain at least $5.0 billion of consolidated liquidity and allow commitments to be increased by up to $4.0 billion, to $14.0 billion across the revolving facilities.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry Into a Material Definitive Agreement. On September 29, 2026, Tesla, Inc. (“Tesla”) entered into the following credit agreements: •$20.0 billion senior unsecured three-year delayed draw term loan facility (the “Term Loan Facility”) pursuant to a Delayed Draw Term Loan Credit Agreement, dated as of September 29, 2026 (the “DDTL Credit Agreement”), by and among Tesla, as borrower, Citibank, N.A. (“Citi”), as administrative agent, and the lenders and other agents party thereto. …
An excerpt of the text as filed with the SEC, cut for length.
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