SunPower Announces Redemption of 0.75% Senior Convertible Debentures due in 2027

SAN JOSE, Calif., July 1, 2015 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) today announced that on July 31, 2015, it will redeem the entire $79,000 outstanding principal amount of its 0.75% Senior Convertible Debentures due in 2027 (CUSIP No. 867652 AB 5). SunPower intends to use available funds to redeem the debentures.

About SunPowerSunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on SunPower's 30 years of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North and South America, Europe, Australia, Africa and Asia. For more information, visit www.sunpower.com.

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SOURCE SunPower Corp.