GreenPower Announces Term Loan Offering

VANCOUVER, BC, May 13, 2025 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq:GP) (TSXV:GPV.VN) ("GreenPower" and 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, announces a term loan offering of up to U.S. $2,000,000 from several lenders (the "Loan"). The Company may, at its discretion, elect to close the Loan in one or more tranches (each, a "Closing Date"). The Loan will be secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of advance (the "Advance Date") to and including the date all of the Company's indebtedness pursuant to the Loan is paid in full. The term of the Loan will be two years from the Advance Date.