SunPower closes $41 million senior convertible debenture notes offering
PUBT · 04/28 12:13
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- SunPower closed a private placement of USD 41 million senior, convertible debenture notes with a 10% coupon.
- Proceeds will retire USD 28.75 million of existing debt.
- Holders of SunPower 7% convertible notes agreed to exchange USD 21.25 million of principal for equity, lifting total debt reduction to USD 40 million.
- Sunder swapped USD 10 million of acquisition debt into notes issued in new offering.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunpower Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604280800PRIMZONEFULLFEED9708292) on April 28, 2026, and is solely responsible for the information contained therein.
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