SunPower Drawn Upon $50M Second Tranche Of $175M Second Lien Term Loan From Sol Holding
Portfolio Pulse from Benzinga Newsdesk
SunPower has drawn upon a $50 million second tranche of a $175 million second lien term loan from Sol Holding. This move is part of their ongoing financial strategy.
June 03, 2024 | 1:09 pm
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SunPower has drawn $50 million from a $175 million second lien term loan from Sol Holding, which is part of their financial strategy.
Drawing on the loan indicates that SunPower is actively managing its financial resources, which could be seen as a positive sign of strategic planning and liquidity management.
CONFIDENCE 90
IMPORTANCE 80
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