SunPower has announced that it raised $175 million in capital financing through a second lien term loan from Sol Holding, the company’s majority shareholder and indirect subsidiary of TotalEnergies and Global Infrastructure Partners.
The term loan includes $45 million previously funded to the company in December and January, $80 million in new investment and a $50 million second tranche available to be borrowed upon the satisfaction of certain conditions.
SunPower also obtained new long-term waivers from its financial partners and entered into an amendment to its revolving debt facility. Together, these actions provide the company with up to $155 million of additional liquidity.
“This transaction demonstrates the strong conviction of our financial partners in the long-term value proposition of residential solar, storage and renewable energy services, as well as SunPower’s ability to deliver operational excellence for our customers,” said Peter Faricy, SunPower CEO. “With this injection of additional liquidity and working capital to our balance sheet, coupled with substantial cost reductions, SunPower is taking positive steps to position itself to succeed in 2024 and beyond.”
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SunPower Secures Additional Capital, Revolving Debt from Sol Holding
At left is a recent post by a “friend” on FB. A couple of points that illustrate how inane and dangerous social media can be:
- This is a hoax that was debunked that year.
- Protesting the U.S. support for what’s happening in Gaza is far different than “organizing pro-Hamas rallies.”
- Objecting to the free expression of ideas is unAmerican.
Of course, stupidity exists even in the absence of social media, but there is no doubt that it accelerates that rate at which crap like this can be promulgated throughout our society.
To accept what House Speaker Mike Johnson says here, you’ll have to pretend that you received your DOGE and Tariff checks, that grocery and gasoline prices aren’t through the roof, that the national debt didn’t just break the $40 trillion barrier, and that the United States has won the illegal and pointless war in Iran.
OK, we’re stupid, but there must be a limit.
Please tell me there is a limit.
There are so many obnoxious features of Trump’s offer to bribe voters that it’s impossible to count them all.
Something that jumps out at me is that I live among people whose integrity is for sale for $5000.
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