Vicinity Motor Corp. Enters Into Workout Agreement to Develop a Restructuring Plan With Creditors
Vicinity Motor Corp. Enters Into Workout Agreement to Develop a Restructuring Plan With Creditors
Vicinity Seeks to Forge Clear Path Forward in Ongoing Discussions with Creditors
Vicinity尋求與債權人的持續討論中制定明確的前進道路
VANCOUVER, BC / ACCESSWIRE / August 21, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial buses and electric vehicles, today announced it has reached an agreement with its secured lenders to execute a workout and financial restructuring plan to address the previously announced demands from Royal Bank of Canada and Export Development Canada (the "Secured Lenders") in respect of outstanding credit facilities to progress towards financial stability for the Company.
溫哥華，BC / ACCESSWIRE / 2024年8月21日 / Vicinity Motor Corp. (納斯達克：VEV)(tsxv：VMC)（「Vicinity」或「公司」），北美商用公交車和電動車輛供應商，今天宣佈公司已與其有擔保債權的貸方達成了一項工作計劃和財務重組計劃的協議，以應對此前公佈的加拿大皇家銀行和加拿大出口發展銀行（「有擔保貸款方」）關於未償還貸款的要求，以在公司走向財務穩定。
Vicinity and the Secured Lenders have agreed to the terms of the workout for the next 60 days, discussing with the Secured Lenders its revenues, debt structures, and initiatives to reorganize. During this period, the Company will return to limited operations and the Secured Lenders will retain all rights previously asserted. Prior to the conclusion of the workout period, Vicinity expects to have entered into a restructuring plan that may include agreements for payment and creditor rights and protections.
Vicinity和有擔保貸款方已經同意了接下來60天的工作計劃的條款，將與有擔保貸款方討論其收入、債務結構和重組計劃。在此期間，公司將恢復有限的運營，而有擔保貸款方將保留之前提出的所有權利。在工作計劃期滿之前，Vicinity預計將達成一項重組計劃，其中可能包括支付協議和債權人的權益和保護協議。
During this period Vicinity will work to preserve the value of its assets, execute in process deliveries, and facilitate technical and parts support programs. The Company will continue to work closely with vendors, customers, and partners during this period as it endeavors to return to normal full operations within the 60-day period.
在此期間，Vicinity將努力保護其資產價值，執行進行中交付的計劃，並推進技術和零部件支持項目。公司將在這一時期繼續與供應商、客戶和合作夥伴密切合作，努力在60天內恢復正常的全面運營。
"We are pleased to announce this support from our creditor partners and the opportunity to further the important role Vicinity plays in the passenger transportation industry and as a leader in Class 3 commercial EV truck manufacturing," said Brent Phillips, President of Vicinity Motor Corp. "Our strong backlog of fuel neutral bus orders, including clean diesel and electric buses, provides a solid foundation for this workout plan. The market opportunity for Vicinity buses and industry metrics support accelerated development of our energy efficient transit bus product line while the Class 3 commercial truck market continues to develop."
「我們很高興宣佈債權合作伙伴的支持，並進一步鞏固了Vicinity在乘客運輸行業中的重要角色，以及作爲三級商用電動卡車製造領域的領導者，」 Vicinity Motor Corp.的總裁布倫特·菲利普斯（Brent Phillips）說道，「我們強大的燃料中立公交車訂單積壓，包括清潔柴油和電動公交車，爲這個工作計劃提供了堅實的基礎。Vicinity公交車的市場機會和行業指標支持我們能源高效的城市公交產品線的加速發展，同時三級商用卡車市場也在不斷髮展。」
About Vicinity Motor Corp.
關於Vicinity Motor Corp。
Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) ("VMC") is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. For more information, please visit .
Vicinity Motor Corp.（NASDAQ：VEV）（TSXV：VMC）（"VMC"）是一家爲公共和商業企業使用提供電動汽車的北美供應商。公司利用經銷商網絡和與世界一流的製造合作伙伴的緊密關係，爲公交和工業市場提供旗艦型電力，CNG型和清潔柴油型Vicinity巴士以及VMC 1200型電動卡車。有關更多信息，請訪問。
Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
公司聯繫人：
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
Investor Relations Contact:
Lucas Zimmerman
MZ Group - MZ North America
949-259-4987
VMC@mzgroup.us
投資者關係聯繫人：
Lucas Zimmerman
MZ Group - MZ North America
949-259-4987
VMC@mzgroup.us
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
TSX-V或其監管服務提供方（如TSX-V政策所定義的）均不對本公告的充分性或準確性負責。
Cautionary Note Regarding Forward-Looking Statements
關於前瞻性聲明的謹慎說明
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
本新聞稿包含某些"前瞻性信息"及"前瞻性陳述"（總稱"前瞻性陳述"）涉及適用的證券法律。除歷史事實陳述外，此處包含的所有其他陳述均屬於前瞻性陳述。 前瞻性聲明經常被標識出來，但並不總是通過使用"預期"，"預計"，"相信"，"意圖"，"估計"，"潛在"，"可能"等字眼或發生或實現的事情，情況或結果的陳述來表明，術語「將」，「可能」，「可能」或「應該」。 前瞻性陳述涉及各種風險和不確定性。不能保證這些陳述將被證明是準確的，實際結果和未來事件可能會與這些陳述所預示的不同。存在許多不確定因素可能導致Vicinity的實際結果與預期結果不同，包括Vicinity所經營市場的經濟狀況，車輛銷售量，預期未來銷售增長，零部件和材料的市場價格和供應，Vicinity運營戰略的成功，位於華盛頓州的車輛組裝設施能夠按照管理層的意圖運營， COVID-19大流行的影響，Optimal這一無形資產的可收回性以及其他宏觀經濟因素對供應鏈復甦到疫情前水平的影響，相關政府強制的運營限制，Vicinity戰略伙伴關係的成功，以及公司能否延長或修改現有債務條款;以及Vicinity定期向適用證券監管機構提交的報告和文件中披露的其他風險和不確定性。Vicinity的前瞻性陳述反映了該聲明發表日期上的信念，意見和預測。除法律規定外，Vicinity不承擔更新前瞻性聲明或信仰，意見，預測或其他因素的責任，也不承擔因法律規定而要求的更新。
Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the outcome of workout and financial restructuring plans with its Secured Lenders, uncertainties related to economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity's operational strategies, production prospects at Vicinity's assembly facility in the State of Washington, the success of Vicinity's strategic partnerships; and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE: Vicinity Motor Corp.
消息來源：Vicinity Motor Corp。
譯文內容由第三人軟體翻譯。