Deal Details
SunPower Completes $177.1 Million Follow-On Offering
Summary
SunPower Corporation (“SunPower” or the “Company”) (NASDAQ-GS: SPWR) recently completed a follow-on offering of 25,300,000 shares of common stock at a price of $7.00 per share, generating gross proceeds of $177.1 million, including full exercise of the overallotment option. The Company will receive all of the net proceeds from the offering. SunPower intends to use the net proceeds for general corporate purposes, which may include partially funding the repayment of its senior convertible debt due 2021.
Baird served as a co-manager on this offering.
About
As one of the world's most innovative and sustainable energy companies, SunPower provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. SunPower is headquartered in San Jose, California.CONTACT US TO LEARN MORE
- Date
- November 2019
- Company
- SunPower Corporation
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Energy
- Target Geography
- North America
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