On April 2, 2026, Tigo Energy, Inc. announced that it has entered into a revolving credit facility with Wells Fargo Bank, National Association. This facility allows Tigo Energy to borrow up to $10 million, with the maturity date set for March 31, 2029. The credit facility is secured by the company's accounts receivables and inventory levels, which will determine the borrowing base. As of the date of the agreement, no loans were outstanding under this facility. The interest rate on any outstanding loans will be based on the Secured Overnight Financing Rate (SOFR) plus a margin of 1.75% to 2.00%, depending on the company's monthly average excess availability. The agreement includes customary covenants and events of default, which could lead to the acceleration of outstanding borrowings if triggered. This financing is expected to enhance Tigo Energy's liquidity position, allowing for better operational execution and strategic investments in the future.
Press Release distribution
National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.