SUNation Energy, Inc. announced it has amended its Secured Revolving Line of Credit Agreement with MBB Energy, LLC, a related party. The amendment, effective October 15, 2026, extends the maturity date of the credit facility, ensuring continued access to capital.
Key Details
- New Maturity Date: The maturity date for the line of credit has been extended by six months, from October 15, 2026, to April 15, 2027.
- Credit Facility Terms: The agreement maintains an aggregate principal capacity of $1.5 million with an annualized interest rate of 8%.
- Related-Party Transaction: The lender, MBB Energy, LLC, is an affiliate of the company, controlled by insiders Scott Maskin and James Brennan.