Workhorse Group Inc. filed a Form 8-K on November 2, 2026, disclosing that on October 27, 2026, the company entered into amendments to its two existing credit agreements with lender Motive GM Holdings II LLC, increasing the Customer Order Credit Agreement commitment and deferring certain interest payments.

Key Highlights

  • Commitment increase: The Customer Order Credit Agreement commitment was raised from $20,000,000 to $30,000,000, adding $10,000,000 in available credit.
  • Interest deferral on new loan: Interest payments on the additional $10,000,000 loan under the Customer Order Credit Agreement are deferred until the first Interest Payment Date occurring after March 31, 2027.
  • Cash Flow Credit Agreement also amended: The amendment to the Cash Flow Credit Agreement, effective retroactively as of April 25, 2026, defers interest on additional $10,000,000 loans made under each of Amendment No. 1, Amendment No. 2, and Cash Flow Amendment No. 3 until the first Interest Payment Date occurring after March 31, 2027.
  • Lender: Motive GM Holdings II LLC (MGMH) is the lender under both credit agreements.
  • Amendment history: The Credit Agreements, originally dated December 15, 2025, have been amended multiple times, with the current amendments designated Amendment No. 4 (Cash Flow) and Amendment No. 3 (Customer Orders).
  • Signing authority: The filing was signed by Jody Davis, Chief Financial Officer of Workhorse Group Inc.

Workhorse Amends Credit Agreements with MGMH, Expanding and Deferring Obligations

According to the filing, Workhorse Group Inc. (NASDAQ:WKHS) entered into the Amendments on October 27, 2026, modifying two credit agreements originally established on December 15, 2025, with Motive GM Holdings II LLC as lender. The Customer Order Credit Agreement was amended to increase the Commitment, as defined in that agreement, from $20,000,000 to $30,000,000 in accordance with Section 10.01 of that agreement. Interest payments on the additional $10,000,000 loan made under this amendment are deferred until the first Interest Payment Date occurring after March 31, 2027, the company disclosed.

The filing further states that the Cash Flow Credit Agreement was also amended, with an effective date of April 25, 2026, retroactive to the date of Amendment No. 1. This amendment defers interest payments on the additional $10,000,000 loans made pursuant to each of Amendment No. 1, Amendment No. 2, and Cash Flow Amendment No. 3 until the first Interest Payment Date under that agreement occurring after March 31, 2027. The Credit Agreements had previously been amended by Omnibus Amendment No. 1 on April 25, 2026, Omnibus Amendment No. 2 on June 16, 2026, and Cash Flow Amendment No. 3 on August 11, 2026, all involving the same parties.

The company noted that the foregoing description "is not and does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendments," which was filed as Exhibit 10.1. The filing also triggers disclosure under Item 2.03, Creation of a Direct Financial Obligation, incorporating the Item 1.01 information by reference.

What Was Disclosed

Workhorse Group Inc. disclosed amendments to its Cash Flow and Customer Order credit agreements with Motive GM Holdings II LLC, increasing the Customer Order commitment by $10,000,000 to $30,000,000 and deferring interest on certain additional loans until after March 31, 2027.