SunPower (SPWR) just unveiled an announcement.
SunPower Corporation has issued warrants for approximately 75.2 million shares to Sol Holding, LLC, in two tranches as part of a Second Lien Credit Agreement, with the first tranche already exercised. Alongside this, the company has secured a $175.5 million loan facility, with the first $125.5 million drawn on the closing date and the remaining $50 million recently borrowed. These financial maneuvers aim to strengthen the company’s capital structure and support its strategic initiatives.
Learn more about SPWR stock on TipRanks’ Stock Analysis page.
