SunPower Says It Raised $175M In Capital Financing Through A Second Lien Term Loan From Sol Holding
Portfolio Pulse from Benzinga Newsdesk
SunPower announced it has secured $175M in capital financing through a second lien term loan from Sol Holding. This move is aimed at bolstering the company's financial position and supporting its growth initiatives.
February 15, 2024 | 12:16 pm
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SunPower's $175M capital financing from Sol Holding is expected to strengthen its financial position and support growth.
The infusion of $175M in capital financing is a significant positive development for SunPower. It not only enhances the company's liquidity but also provides it with additional resources to pursue growth opportunities and strategic initiatives. This financial backing is likely to be viewed positively by investors, potentially leading to an uptick in the stock price in the short term.
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