VANCOUVER, BC, Jan. 14, 2026 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq: GP) ("GreenPower" or the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that it has closed the previously announced credit approval from CIBC for US$5 million in financing facilities, comprised of a US$3 million revolving line of credit and a US$2 million term loan with a three year term. Two directors of the Company (the "Guarantors") have provided joint and several personal guarantees of up to US$5 million in support of the CIBC financing facilities, and the Company has granted the Guarantors warrants and shares as an incentive for providing the personal guarantees. A portion of the net proceeds from the financings were used to repay and close the Company's existing operating line of credit, with the remainder used for general corporate purposes.
Read more at newswire.caGreenPower Announces Closing of CIBC Financing Facilities
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