---
schema_version: "secwatch.filing_event.v1"
accession: "0000867773-23-000137"
form_type: "8-K"
ticker: null
cik: "0000867773"
company_name: "SUNPOWER CORP"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:37:21.296409+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SunPower subsidiary obtains temporary waiver of $65.3M debt default; regains Nasdaq listing compliance

## Summary
- SPWR RIC Borrower entered Fourth Amendment waiving Q3 financials covenant default; ~$65.3M debt subject to acceleration.
- Waiver effective until Jan 19, 2024, covers quarterly reporting default and restatement-related defaults.
- Amendment adds cross-default tied to waivers under Bank of America senior secured facility.
- Nasdaq confirmed compliance after delayed Q3 10-Q filed Dec 18, 2023; prior Listing Rule matter closed.

## SEC filing metadata
- accession: 0000867773-23-000137
- form_type: 8-K
- cik: 0000867773
- company_name: SUNPOWER CORP
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.04, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/867773/000086777323000137/0000867773-23-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/867773/000086777323000137/spwr-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000867773-23-000137
- JSON: https://secwatch.observer/filing/0000867773-23-000137.json
- Plain text: https://secwatch.observer/filing/0000867773-23-000137.txt

## Key facts
- Debt Financings
  SUNPOWER CORP amended credit facility of $65.3 million with Atlas Securitized Products Holdings, L.P..
  - Instrument: credit facility
  - Principal: $65.3 million
  - Counterparty: Atlas Securitized Products Holdings, L.P.
  - Event: amendment
  source text: Credit Agreement, which could be read to result in the immediate acceleration of debt thereunder (the “Quarterly Financials Default”), which would be equal to approximately $65.3 million . The Amendment provides for, among other things, (i) a temporary waiver until January 19, 2024 of (x) the Quarterly Financials Default and (y) any defaults or events of default
  evidence_url: https://www.sec.gov/Archives/edgar/data/867773/000086777323000137/0000867773-23-000137-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.