Lion Electric to initiate restructuring proceedings under the CCAA

Written by Emily J. Thompson, Senior Investment Analyst

LEV%

Updated: Dec 17 2024

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Covenant Relief Expiry: The Lion Electric Company has announced the expiry of its covenant relief period under its senior revolving credit agreement, leading to a default situation as no alternatives for restructuring or financing have been realized.
Seeking Creditor Protection: The company is in discussions with lenders for additional funding and plans to seek creditor protection under the Companies' Creditors Arrangement Act to restructure its business and pursue potential sales or investments.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Lion Electric to initiate restructuring proceedings under the CCAA

About the author

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