SunPower raises $41 million in convertible debt, cuts debt by $40 million
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SunPower Prices $41 Million Convertible Debt
April 22, 2026 8:00 AM EDTPricing Post 10K Filing; $40 Million Debt Reduction
OREM, Utah, April 22, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (SunPower, the Company, or Nasdaq: SPWR) a solar technology, services, and installation company, announced it has raised $41.0 million in Convertible Senior Secured Notes (the convertible debenture).
We have signed contracts with investors for $41 million of convertible debentures, which will close this week. The terms include: 1) non-callable until maturity on May 1, 2029, 2) a 10% coupon, and 3) a 45%... More
