SunPower Announces $50 Million Draw on Previously Announced Second Lien Term Loan to Further Business Operations as Company Executes Business Plan

June 3, 2024

https://www.prnewswire.com/news-releases/sunpower-announces-50-million-draw-on-previously-announced-second-lien-term-loan-to-further-business-operations-as-company-executes-business-plan-302161807.html

RICHMOND, Calif., June 3, 2024 /PRNewswire/ — Today, SunPower (NASDAQ:SPWR) announced it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding, LLC (“Sol Holding“) that it announced in February 2024. Sol Holding, which is owned jointly by affiliates of TotalEnergies SE and Global Infrastructure Partners, is the majority owner of SunPower’s common stock.

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