SunPower: Credit Facility Update

Der Ölkonzern Total, Mehrheitseigner von SunPower, hat die Finanzierungsvereinbarung mit dem kalifornischen Solarkonzern verlängert. Wir veröffentlichen die Mitteilung von SunPower dazu im Wortlaut.

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SAN JOSE, California - SunPower Corp. (NASDAQ: SPWR) announced it has amended and extended the terms of its existing credit support agreement with Total S.A through 2018.
SunPower Logo.

With this agreement, Total will guarantee SunPower's letters of credit in support of certain company activities.  The companies have amended and restated the initial agreement, signed in 2011, to reduce the amount available under the facility to $500 million to more appropriately match SunPower's current and long-term credit needs.  Additionally, terms for the facility remain substantially unchanged, subject to certain financial covenant requirements.

"The market opportunity for solar energy continues to grow and the continued support of Total is key for us to achieve our long-term goals," said Tom Werner, SunPower president and CEO.  "We believe our shared vision of the importance of renewables as a viable and cost effective source of energy will benefit both companies over the next decade."

About SunPower
As one of the world's most innovative and sustainable energy companies, SunPower Corp. (NASDAQ: SPWR) 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. From the first flip of the switch, SunPower delivers maximum value and performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com
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