Maxeon Solar Technologies, Ltd. announced a private placement that it has issued Adjustable-Rate Convertible Second Lien Senior Secured Notes due 2028 for the aggregate gross proceeds of up to $204,019,403 on June 20, 2024. The transaction included participation from returning investor, TCL Zhonghuan Renewable Energy Technology Co.,Ltd. The company issued $138,950,000 in Tranche A and $65,069,403 in Tranche B.