Benzinga | Apr 15, 2021 04:24PM EDT

SunPower Announces Early Repayment Of $30M California Enterprise Development Authority Loan

SunPower (NASDAQ:SPWR) today announced that has repaid its $30 million, 8.5 percent fixed interest loan with the California Enterprise Development Authority (CEDA). The company is also planning on retiring the balance of its outstanding 2021 convertible bond issue during the second quarter.