Item 1.01. Entry into a Material Definitive Agreement.

First Amendment to Credit Agreement

On January 26, 2023 (the "Closing Date"), SunPower Corporation ("SunPower" or the "Company") entered into the First Amendment to Credit Agreement (the "Amendment") with certain of its subsidiaries as guarantors (the "Subsidiary Guarantors"), the Lenders (as defined therein), the L/C Issuers (as defined therein) and Bank of America, N.A., as Administrative Agent and the Swingline Lender (as defined therein), amending that certain Credit Agreement, dated as of September 12, 2022, by and among the Company, the lenders party thereto from time to time, the Subsidiary Guarantors party thereto from time to time, the L/C Issuers party thereto from time to time and Bank of America, N.A., as Administrative Agent, Collateral Agent and Swingline Lender (as amended by the Amendment, the "Credit Agreement"). Capitalized terms used but not defined herein shall have the meanings given to such terms in the Amendment.

The Amendment provides for, among other things, an increase of the revolving credit commitments under the Credit Agreement by $100.0 million (the "Increased Revolving Commitments"). After giving effect to such increase, as of the Closing Date, the aggregate amount of revolving credit commitments under the Credit Agreement are $200.0 million, which commitments were undrawn as of such date. The Increased Revolving Commitments are governed by the same terms and conditions applicable to the revolving credit commitments under the Credit Agreement prior to the effectiveness of the Amendment (the "Existing Revolving Commitments"). A description of certain material terms and conditions of the Existing Revolving Commitments is included within Item 1.01 of the Company's Current Report on Form 8-K filed on September 15, 2022, which description is incorporated herein by reference.

The foregoing description of the Amendment and the Credit Agreement is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.




Item 2.03.       Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
                 Sheet Arrangement of a Registrant.

The discussion in Item 1.01 is incorporated herein by reference.




Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits

The exhibits listed on the Exhibit Index immediately preceding such exhibits are furnished as part of this Current Report on Form 8-K.



Exhibit No.         Description
Exhibit 10.1          First Amendment to Credit Agreement, dated as of January 26, 2023, among
                    SunPower Corporation, certain of its subsidiaries as guarantors, the Lenders
                    (as defined therein)     from time to time party thereto    ,     the L/C
                    Issuers (as defined therein) from time to time party thereto and Bank of
                    America, N.A., as Administrative Agent and the Swingline Lender
Exhibit 104         Cover Page Interactive Data File (embedded within the Inline XBRL document).

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