Workhorse Group Inc. (NASDAQ: WKHS) entered into an Omnibus Amendment No. 2 to its Credit Agreements on June 16, 2026, modifying the terms of two existing credit facilities with lender Motive GM Holdings II LLC.

The amendment increases the commitment under the Cash Flow Credit Agreement from $20 million to $30 million, while reducing the commitment under the Customer Order Credit Agreement from $30 million to $20 million. Interest payments on the additional $10 million under the Cash Flow Credit Agreement will be deferred until the first interest payment date after September 30, 2026.

As consideration for the amendments, Workhorse is obligated to issue warrants to purchase equity interests in the company within 45 days of the amendment's execution, or a later date agreed upon by the lender. The number of warrants and their terms are subject to mutual agreement.

Both credit agreements were originally dated December 15, 2025, and were previously amended by Omnibus Amendment No. 1 on April 25, 2026. The information is based on a filing by Workhorse Group with U.S. securities regulators.