Spruce Power Announces Certain Subsidiaries Have Closed On a $130M Non-Recourse Debt Facility
Portfolio Pulse from Benzinga Newsdesk
Spruce Power announced that certain subsidiaries have closed on a $130 million non-recourse debt facility. This move is expected to provide significant financial flexibility and support the company's growth initiatives.
July 01, 2024 | 11:33 am
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Spruce Power's subsidiaries have secured a $130 million non-recourse debt facility, which is expected to enhance the company's financial flexibility and support its growth initiatives.
The $130 million non-recourse debt facility will provide Spruce Power with additional financial resources, which can be used to fund growth initiatives and improve financial stability. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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