Proterra Finalizes Agreement with Cowen Convertible Note Holders

BURLINGAME, Calif., April 03, 2023 (GLOBE NEWSWIRE) — Proterra Inc (Nasdaq: PTRA) (together with its subsidiary, Proterra Operating Company, Inc., “Proterra” or the “Company”), today announced that it has executed a definitive agreement with CSI Prodigy Holdco LP, CSI Prodigy Co-Investment LP and CSI PRTA Co-Investment LP (the “Cowen Parties”) to amend the Note Purchase Agreement, dated August 4, 2020, governing the Company’s outstanding convertible notes, and certain terms of the Company’s outstanding convertible notes, following the Company’s previous announcement on March 20, 2023, of the binding letter of intent among the Company, the Cowen Parties and CSI I GP,…