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Home » News » Solar » SunPower Faces Financial Strain as Credit Agreement Breach Raises Concerns
Solar

SunPower Faces Financial Strain as Credit Agreement Breach Raises Concerns

By James AndersonDecember 20, 20232 Mins Read
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Credit: SunPower
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SunPower has disclosed a breach of its credit agreement, raising uncertainties about its ability to sustain operations. The breach, outlined in a regulatory filing, stems from the company's delay in submitting third-quarter financial results, triggering lenders to demand the immediate repayment of $65.3 million or pursue alternative remedies. Although SunPower secured a temporary waiver until

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