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SunPower (NASDAQ:SPWR) +6.6% pre-market Thursday after saying it received additional waiver extensions until February 16 for a loan agreement with Atlas Securitized Products and Bank of America.
SunPower (SPWR) also said it received commitments for $20M in financing from majority shareholders TotalEnergies (TTE) and Global Infrastructure Partners.
The solar provider said it will use the runway from the financing and extensions to continue discussions with key financial partners.
SunPower (SPWR) said in December that it breached the credit agreement after a delay in filing its quarterly results and warned of “substantial doubt” about its ability to continue as a going concern.