Complete Solaria Eliminates $67.6 Million of Private Equity Debt
Complete Solaria, Inc. (CSLR)
Company Research
Source: GlobeNewswire
LEHI, Utah, July 01, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (Nasdaq: CSLR), a leading solar technology, services, and installation company, today announced that it had cancelled $67.6 million in debt from its balance sheet and been released from its obligations under that debt by its two private equity (PE) providers, Carlyle and Kline Hill Partners. On May 15, 2024, the Company announced that it had signed an agreement with Carlyle to set aside all of its financial claims in return for $10 million in cash. Today, we announce an equivalent deal with Kline Hill Partners for $8 million. On June 17, 2024, the Company announced that T.J. Rodgers had funded the $10 million payment to Carlyle by purchasing a convertible debenture security from the Company through Cantor Fitzgerald & Company. Today, we announce that the investment by T.J. Rodgers has been increased from $10 million to $18 million to fund both private equity settlement de
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News
- Complete Solaria Eliminates $67.6 Million of Private Equity Debt [Yahoo! Finance]Yahoo! Finance
- Complete Solaria Raises $10 Million in Convertible Debenture to Pay Off Carlyle Debt [Yahoo! Finance]Yahoo! Finance
- Complete Solaria Raises $10 Million in Convertible Debenture to Pay Off Carlyle DebtGlobeNewswire
- Complete Solaria Appoints Daniel Foley Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Complete Solaria Appoints Daniel Foley Chief Financial OfficerGlobeNewswire
CSLR
Earnings
- 11/14/23 - Miss
CSLR
Sec Filings
- 6/24/24 - Form 8-K
- 6/21/24 - Form 8-K
- 6/20/24 - Form 8-K
- CSLR's page on the SEC website