SPWR - SunPower Stock Is Heating Up Monday: What's Going On? | Benzinga
SunPower Corp (NASDAQ:SPWR) shares are trading higher. The company on Monday announced a $50 million draw and its previously announced second lien term loan to further business operations.
What Happened: SunPower said it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding that it announced in February. Sol Holding is the majority owner of SunPower’s common stock.
“Today’s announcement demonstrates the continued support of our majority shareholders in the long-term value proposition of residential solar and SunPower’s commitment to operating a ...