Proterra reaches binding letter of intent with Cowen convertible note holders

Proterra announced that the Proterra Operating Company has reached a binding letter of intent with CSI GP I LLC and its affiliates that sets forth proposed amendments to the Note Purchase Agreement, dated as of August 4, 2020, by and among Proterra Operating Company, the investors and guarantors from time to time party thereto and CSI GP I LLC, as collateral agent, and the convertible notes issued to the Cowen Parties pursuant thereto. The parties intend to enter into definitive agreements reflecting the terms in the binding letter of intent.