Joby said its subsidiary PropCo entered a loan agreement with B UL under which the lender will provide USD 30.75 million. The senior secured, non‑revolving loan has a 10‑year, interest‑only term. The loan is secured by a mortgage on the property and a pledge of HoldCo’s membership interest in PropCo. Joby said the proceeds are to be used solely to acquire a property in Vandalia, Ohio.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Joby Aviation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001819848-26-000190), on March 11, 2026, and is solely responsible for the information contained therein.
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