SunPower (SPWR) has released an update to notify the public and investors about events prompting financial liability intensification.
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On December 22, 2023, SPWR RIC Borrower 2022-1, LLC, a subsidiary of the Company, obtained a temporary waiver for specific defaults under the Atlas Credit Agreement until January 19, 2024, which was later extended to January 31, 2024, and then further to February 16, 2024, through subsequent extension agreements.
For further insights into SPWR financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.