{"schema_version":"secwatch.filing_event.v1","accession":"0000867773-23-000105","form_type":"8-K","ticker":null,"cik":"0000867773","company_name":"SUNPOWER CORP","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.196413+00:00","generated_at":"2026-06-07T15:20:18.139831+00:00","sec_items":["1.01","2.03","8.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"SunPower obtains temporary default waiver and $50M revolver capacity through Jan 2024","bullets":["Temporary waiver of financial and reporting covenant defaults until January 19, 2024.","Sol Holding LLC committed $25M new revolving loans; existing lenders provide $25M of existing commitments.","Total revolver reduced to $50M; no new LCs, swingline loans, or incremental facilities permitted.","Company must deliver budgets every 4 weeks, weekly variance reports, and follow strict covenant limits.","Management plans to negotiate longer-term solution; no assurance additional waivers will be obtained."],"urls":{"canonical":"https://secwatch.observer/filing/0000867773-23-000105","json":"https://secwatch.observer/filing/0000867773-23-000105.json","markdown":"https://secwatch.observer/filing/0000867773-23-000105.md","text":"https://secwatch.observer/filing/0000867773-23-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/867773/000086777323000105/0000867773-23-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/867773/000086777323000105/spwr-20231208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:20:18.139831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54abc431f4d9bae814af3399cb806b6ca4dc3541","claim":"SUNPOWER CORP amended revolving credit of revolving credit capacity under the Credit Agreement will be limited to $50 million with Bank of America, N.A., BMO Bank, N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., and Sol Holding, LLC.","evidence_excerpt":"parties and unrestricted subsidiaries and junior debt payments. After giving effect to the Amendment, revolving credit capacity under the Credit Agreement will be limited to $50 million and the Company may not issue any new letters of credit or incur swingline loans or incremental facilities pursuant to the Credit Agreement. The foregoing description of the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/867773/000086777323000105/0000867773-23-000105-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"revolving credit capacity under the Credit Agreement will be limited to $50 million"},{"label":"Counterparty","value":"Bank of America, N.A., BMO Bank, N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., and Sol Holding, LLC"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"e1cb37a95f64f4eb54143d661c68c5215d46a679","claim":"SUNPOWER CORP amended Amendment and Waiver to Credit Agreement with Bank of America, N.A., BMO Bank, N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., and Sol Holding, LLC valued at $25 million of new revolving commitments and access to $25 million of existing revolving commitments (effective 2023-12-08).","evidence_excerpt":"On December 8, 2023, SunPower Corporation (the “Company”) entered into an Amendment and Waiver to Credit Agreement (the “Amendment”) amending that certain Credit Agreement, dated as of September 12, 2022","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867773/000086777323000105/0000867773-23-000105-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., BMO Bank, N.A., Citibank, N.A., JPMorgan Chase Bank, N.A., and Sol Holding, LLC"},{"label":"Value","value":"$25 million of new revolving commitments and access to $25 million of existing revolving commitments"},{"label":"Effective","value":"2023-12-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}