Spruce Power Holding Corporation and certain subsidiaries entered into a non-binding term sheet with a financial institution to refinance the SP1, SP2, and SP3 funded debt facilities. The company also amended its Second KeyBank Credit Agreement to remove previous delivery requirements for an approved refinancing term sheet and updated collateral covenants contingent on the consummation of the new refinancing by January 30, 2027. If the refinancing is not completed by that date, additional subsidiaries will be required to provide guarantees and grant liens on their assets. The terms remain indicative and subject to change pending definitive documentation. Spruce Power Holding Corporation operates in the renewable energy sector, specifically owning and operating solar power generation facilities.
