Sidley represented Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, in its execution of a definitive agreement for a new financing facility. Under the facility framework for up to US$600 million of total funds, Faraday Future will receive an initial US$52 million of committed funds. Funds managed by ATW Partners, a U.S.-based institutional investor, led the transaction.
The Sidley team was led by Vijay S. Sekhon (M&A and Private Equity), Banks Bruce (Global Finance), and Michael P. Heinz (Capital Markets), and included Zachary Shub-Essig (M&A and Private Equity); Kendra Smith (Global Finance); Robert Mandell (Capital Markets); and Christine Duque (Corporate Governance).
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