Cases & Deals

SunPower obtains $1 billion letter of credit facility

Clients SunPower Corporation

Jones Day represented SunPower Corporation, a vertically integrated solar products and services company, in connection with its $1 billion unsecured letter of credit facility provided by a syndicate of lenders led by Deutsche Bank. The facility, which is guaranteed by SunPower's majority stockholder Total, replaced SunPower's current secured letter of credit facility, freeing up previously restricted cash.