Cases & Deals

SunPower obtains credit facility

Clients SunPower Corporation

Jones Day represented SunPower Corporation, a vertically integrated solar products and services company, in connection with its $70 million credit facility. SunPower's obligations under the facility are secured by a pledge of shares of a Korean entity owned by SunPower, which necessitated an early-morning closing as the Korean share certificates were required to be withdrawn from a depositary, stamped, and re-deposited during the Korean day.