SunPower Provides Update on Discussions with Key Financial Partners

Company Updates - SunPower Corp has received additional waiver extensions from Atlas Securitized Products Holdings, L P and Bank of America, extending the latest temporary waivers until February 16, 2024 [1] - The company has secured commitments for $20 million in financing from its majority shareholders TotalEnergies and Global Infrastructure Partners [1] - SunPower plans to use the financing and waiver extensions to continue discussions with key financial partners as it evaluates strategic alternatives for a long-term financial solution [1] Company Overview - SunPower is a leading residential solar, storage, and energy services provider in North America [2] - The company offers solar + storage solutions that provide customers with control over electricity consumption, resiliency during power outages, and cost savings for homeowners [2]