SUNation Energy Pays Off Senior, Junior Secured Loans-March 2024-www.financetom.com

SUNation Energy Pays Off Senior, Junior Secured Loans

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SUNation Energy Pays Off Senior, Junior Secured Loans

Mar 14, 2025 6:26 AM

09:06 AM EDT, 03/14/2025 (MT Newswires) -- SUNation Energy ( SUNE ) said Friday it has fully repaid $9.4 million in senior and junior secured debt that were set to mature between July 2025 and June 2027.

The company said the repayment removes about $3.4 million in annual cash outflows through 2027.

SUNation Energy ( SUNE ) said it used part of the proceeds from a $15 million securities offering completed on Feb. 27 to retire the debt.

Shares of the company were up more than 27% in recent Friday premarket activity.

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