FF received nearly 100 million US dollars in debt financing FF91 or delivered in one year

On March 26, FF announced that it had raised nearly $100 million in debt financing. This round of debt financing was led by Ares. Existing lenders such as Birch Lake also participated in this round of financing. Birch Lake is still the main debt purchaser and mortgage agent of the secured financing mechanism.

This round of debt financing includes a $85 million investment led by a credit group managed by Ares Management Corporation ('Ares'). Previous lenders Birch Lake, LP Fund Management Company and other companies also participated in this round of debt financing .

This is the debt financing obtained after FF announced the signing of a merger agreement with Property Solutions Acquisition Corp ('PSAC'). This new financing will comprehensively accelerate the implementation of FF's complete product strategy and will officially launch the company located in Production preparations at the Hanford manufacturing plant in California made the delivery of FF 91 enter the countdown stage ahead of schedule. FF 91 is scheduled to be delivered approximately 12 months after the merger with PSAC.

This round of debt financing will further promote FF product testing and vehicle system upgrades, restart supply chain cooperation, and accelerate the operation and landing process of China's business.