Complete Solaria Signs Term Sheet to Eliminate Carlyle Debt
Complete Solaria, Inc. (CSLR)
Company Research
Source: GlobeNewswire
FREMONT, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. (“Complete Solaria” or the “Company”) (NASDAQ: CSLR) today announced that a significant Complete Solaria private equity debt holder, Carlyle, has agreed to release the Company from its debt obligations in return for a third-party cash payment. T.J. Rodgers, Complete Solaria’s Chief Executive Officer said, “The Carlyle debt, which has prevented the Company from raising money in the market, will be replaced with $10 million in debt from another debt provider that offers balloon payback structures without unduly restrictive operational covenants. The deal has been made in principle, and is subject to negotiations over terms and conditions in the final contract. Rodgers added, “In a prior press release I stated, ‘[Private equity provider] Kline Hill has agreed to convert its outstanding debt to 9.8 million shares of Common Stock contingent upon the Company’s reaching an agreement with its other [big] outstanding
Show less
Read more
Impact Snapshot
Event Time:
CSLR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CSLR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CSLR alerts
High impacting Complete Solaria, Inc. news events
Weekly update
A roundup of the hottest topics
CSLR
News
- Court Approves Complete Solar Purchase of SunPower AssetsGlobeNewswire
- Complete Solar is Winning Bidder in SunPower Chapter 11 ProceedingsGlobeNewswire
- Complete Solar Raises $40.5 Million for SunPower Asset AcquisitionGlobeNewswire
- US$4.50: That's What Analysts Think Complete Solaria, Inc. (NASDAQ:CSLR) Is Worth After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- Complete Solaria, Inc.'s (NASDAQ:CSLR) Path To Profitability [Yahoo! Finance]Yahoo! Finance
CSLR
Earnings
- 8/14/24 - Miss
CSLR
Sec Filings
- 9/26/24 - Form 424B3
- 9/26/24 - Form 424B3
- 9/26/24 - Form 8-K
- CSLR's page on the SEC website