(Reuters) -Northvolt, the Swedish maker of battery cells for electric vehicles, on Nov. 21 filed for Chapter 11 bankruptcy protection in the United States with debts of $5.8 billion and only $30 million in cash.
Here are Northvolt’s creditors listed in its Chapter 11 bankruptcy filing and outstanding principal amounts:
NORTHVOLT AB UNSECURED DEBT FACILITIES
Total (EPA:) Northvolt AB Debt: $3.9 billion
* Volta Convertible Instrument: due Aug. 17, 2027; $2.76 billion
* KfW Convertible Instrument: due June 30, 2028; $670 million
* VW Convertible Instrument: due Dec. 31, 2025; $330 million * Shareholder Bridge Facility: due Aug. 14, 2025; $154 million
SECURED DEBT FACILITIES FOR NORTHVOLT ETT, ITS ONLY OPERATING BATTERY FACTORY IN NORTHERN SWEDEN
Total Northvolt Ett Debt: $1.74 billion
* Euler Hermes Covered Term Loan: due Dec. 31, 2029; $470 million
* Northvolt Ett Second Lien: due June 30, 2030; $405 million
* EIB Term Loan: due Dec. 31, 2029; $313 million
* NEXI Covered Term Loan: due Dec. 31, 2029; $131 million
* Revolving WC Facility: due Dec. 31, 2029; $110 million
* KEXIM Term Loan: due Dec. 31, 2029; $87 million
* Northvolt Ett Inventory Financing: due Jan. 24, 2025; $72 million
* BPIAE Covered Term Loan: due Dec. 31, 2029; $67 million * Commercial Uncovered Term Loan: due Dec. 31, 2029; $45 million * Northvolt Ett Second Inventory Financing: due March 18, 2025; $42 million
CANADIAN SECURE DEBT FACILITY
* Northvolt Canada Land Loan: due Oct. 31, 2038; $181 million
UNSECURED CREDITORS
Northvolt’s unsecured creditors include its largest shareholders Goldman Sachs and Volkswagen (ETR:), whose brands Scania, Porsche and Audi are customers of the battery maker. Volta, a company which tests battery systems, is its largest creditor.
* Volta: $3.85 billion
* KFW: $696.0 million
* Volkswagen: $355.3 million
* Nordic Trustee and Agency: $154.0 million
* SFA Engineering: $30.2 million
* BHP Billiton (NYSE:) Marketing: $30.2 million
* Axima Concept Sweden Filial: $21.5 million
* Wuxi Lead Intelligent Equipment: $19.7 million
* Easpring Technology (Changzhou) New Material: $16.9 million
* Bravida Sverige: $10.0 million
* Microsoft (NASDAQ:): $8.9 million
* Jiangsu Easpring Material Technology: $7.1 million
* LF: $6.3 million
* Tianqi Lithium Kwinana: $6.1 million
* Sodexo (EPA:): $5.9 million
* Skellefteå Kraftaktiebolag: $5.5 million
* BNP Paribas (OTC:): $5.2 million
* RJ And Collab: $5.0 million
* Goldman Sachs Bank Europe: $4.8 million
* Stena Recycling: $4.6 million
* Senior Material (Europe): $4.5 million
* Randstad (AS:): $4.3 million
* Kedali Sweden: $4.2 million
* Hanwha Momentum: $4.1 million
* Ventpartner I Västmanland: $4.1 million
* Kataoka Corporation: $4.0 million
* Axima Concept: $3.9 million
* J.P Morgan: $3.7 million
* CIS: $3.7 million
* Vakanta: $3.5 million
