As per the current term, the DOE's ATVM loans will have approx 4% fixed interest rates with interest accrued during construction period of 3 years.
I think, the DOE's credit facility will provide good support. In case a Tier-1 entity unwilling to pay the value assessed by Nick then he can negotiate by indicating that alternative funding through the DOE is available and we won't require their support.
Nick could easily secure $100 - $200 million at a substantial valuation and subsequently apply for a DOE loan to independently establish and operate the plant.
IMO, the DOE credit facility will diminish the bargaining power of potential buyers or joint venture partners.
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