Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Lion Electric Ord Shs T.LEV

Alternate Symbol(s):  LEV | LEV.WS | LEV.WS.A | T.LEV.WT | T.LEV.WT.A

The Lion Electric Company is a manufacturer of zero-emission vehicles. The Company designs and manufactures all-electric school buses, midi/minibuses for special needs or urban transit, as well as urban trucks. Each Lion vehicle is purpose-built for electric and designed and assembled in-house, with its own chassis, truck cabin or bus body, battery technology with modular energy capacity and Lion software integration. Its purpose-built all-electric trucks can be divided into four main platforms based on gross vehicle weight rating (GVWR), namely the Lion5, Lion6, the Lion8 and the Lion8 Tractor trucks, and its line-up of all-electric buses consists of Type A, Type C and Type D buses. Its medium and heavy-duty electric vehicles (EVs) are specifically designed to address the needs of the sub-250-mile mid-range urban market. It complements its product offering with various services, including sales support, full-service training, charging infrastructure assistance and maintenance support.


TSX:LEV - Post by User

Post by Dibah420on Jul 18, 2023 4:28pm
261 Views
Post# 35546764

NA on financing

NA on financing
National Bank on Lion Electric's Financing Transactions
MT Newswires - Jul 18, 2023 1:09 PM EDT

01:09 PM EDT, 07/18/2023 (MT Newswires) -- Lion Electric announced concurrent financing transactions of US$142 million, comprised of US$74 million of convertible debentures and C$90 million of non-convertible debentures carrying a 13% and 11% interest rates, respectively. The debentures come along with some stock issuance and purchase warrants for 22.5 million shares at an exercise price of C$2.81/share.

Alongside the financing, LEV announced it will extend its senior credit facilities an additional year and cancel its ATM program. The transaction removes funding risk for LEV, which has weighed on the stock and supports is scale-up, with US$30 million being directed to LEV's Mirabel battery facility and $14 million to its Joliet facility, in order to reach a total capacity of 5,000 vehicles/yr.

Reduced funding risk is positive, though LEV still faces commercial and operational risks, notes analyst Rupert Merer.

Reiterate price target of US$2.75/sh based on a 1.3x EV/sales multiple on 2024E, compared to peers at 1.6x. Maintain Outperform.

Price: 3.17, Change: +0.19, Percent Change: +6.38


<< Previous
Bullboard Posts
Next >>