Spruce Power Announces $130 Million Debt Financing [Yahoo! Finance]
Spruce Power Holding Corporation Class A (SPRU)
Company Research
Source: Yahoo! Finance
distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the "New Debt Facility") provided by Barings LLC ("Barings"). The New Debt Facility refinances the Company's term loan of $125 million (the "SP4 Facility") and provides for a net injection of incremental capital. "Spruce is proud to announce the execution and closing of the refinance of its SP4 Facility. This transaction achieves a favorable balance of capitalizing on the Company's strong asset performance and retention of asset level cash flows for our shareholders," said Joe Pettit, Spruce's VP of Corporate Development. "Additionally, I'm pleased to announce a new relationship with Barings, who brings deep industry expertise that is supportive of Spruce's mission to power our customers' clean and efficient energy use." "We are pleased to start a great partnership with Spruce to support the Company's innovative busine
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News
- Spruce Power Welcomes its Newest Leadership Addition: Clean Energy Executive and Entrepreneur, Richard DiMatteo [Yahoo! Finance]Yahoo! Finance
- Spruce Power Welcomes its Newest Leadership Addition: Clean Energy Executive and Entrepreneur, Richard DiMatteoBusiness Wire
- Spruce Power Announces $130 Million Debt FinancingBusiness Wire
- Spruce Power Announces New Director [Yahoo! Finance]Yahoo! Finance
- Spruce Power Announces New DirectorBusiness Wire
SPRU
Sec Filings
- 7/1/24 - Form 8-K
- 6/25/24 - Form 4
- 6/25/24 - Form 3
- SPRU's page on the SEC website