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 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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