---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-030550"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:05:43.618493+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Spruce Power closes $130M non-recourse debt facility refinancing SP4 loan

## Summary
- Credit Agreement with Barings for $130M at 6.889%, maturing April 2042; Anticipated Repayment Date Dec 2027.
- Refinances $125M SP4 Facility; net injection of over $6M after fees and swap termination.
- Collateral includes cash flows from >22,000 solar contracts, 69% advance rate; facility rated A+ by Kroll.
- Majority of PPAs variable-rate indexed to California retail electric rates; expects continued strong performance.
- Quarterly interest payments begin August 2024; borrower is wholly owned subsidiary Spruce SET Borrower 2024, LLC.

## SEC filing metadata
- accession: 0001628280-24-030550
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000162828024030550/0001628280-24-030550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000162828024030550/spru-20240701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-030550
- JSON: https://secwatch.observer/filing/0001628280-24-030550.json
- Plain text: https://secwatch.observer/filing/0001628280-24-030550.txt

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