Maxeon Solar Technologies, Ltd. announced that it has entered into a convertible notes purchase agreement with returning investor, Zhonghuan Singapore Investment and Development Pte. Ltd. to issue 7.50% Convertible First Lien Senior Secured Notes due 2027 for the gross proceeds of $25,000,000 and 9% Convertible First Lien Senior Secured Notes due 2029 for the gross proceeds of $97,500,000; for total gross proceeds of $122,500,000 on May 30, 2024.
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- Maxeon Solar Technologies, Ltd. announced that it expects to receive $122.5 million in funding from Zhonghuan Singapore Investment and Development Pte. Ltd.