Spruce Power Executes Three-Facility Refinancing Term Sheet Ahead of SP1 Deadline

Spruce Power said it executed a nonbinding term sheet on Oct. 30 covering SP1, SP2 and SP3.

The proposed refinancing covers all three facilities, and Jan. 30, 2027, is the SP1 refinancing deadline.

The refinancing remains subject to further negotiations, definitive documentation and closing conditions. Without a successful refinancing or other actions, Spruce Power may not have enough available liquidity to repay the relevant facilities at maturity.

President, CEO and Chairman Christopher Hayes discussed the refinancing progress during the company’s third-quarter call.