Department of Energy Sale

Initial Bids Are Due October 7, 2013

The Department of Energy plans to sell by competitive auction, to be held on October 11, 2013, the future advance promissory notes issued by Fisker Automotive, Inc. in connection with a secured loan under the Advanced Technology Vehicles Manufacturing Program in respect of which approximately $168,000,000 is outstanding. The loan is presently not performing. Persons interested in purchasing the notes should promptly contact the Advanced Technology Vehicles Manufacturing Program at portfolio.fisker@hq.doe.gov to learn how qualified prospective purchasers may obtain additional information about the auction, including requirements for submitting an initial bid (N.B. the deadline for submitting initial bids is October 7, 2013 at 5:00 PM EDT). Bidders will have an opportunity to conduct due diligence prior to the bid deadline. Inquiries should include the sender’s name, business name, postal, street and email addresses, and telephone numbers. The federal government reserves the right, at any time and in its sole discretion, to alter or terminate this sale process, to refuse to enter into or terminate discussions with any or all interested parties, to reject any or all indications of interest or offers, to negotiate with one or more interested parties after the auction, or to enter into one or more definitive agreements without notice. It is understood that each interested party will bear the costs of its own investigation and evaluation of this opportunity.

 

All media inquiries regarding this notice should be directed to the Department of Energy’s Office of Public Affairs at (202) 586-4940.