The asset sale follows SunPower's Chapter 11
filing and provides an opportunity for customers to purchase assets
that are not part of SunPower's go-forward restructuring
efforts
NORTHBROOK, Ill., Sept. 12,
2024 /PRNewswire/ -- Hilco Commercial Industrial
(HCI), a leading provider of commercial industrial asset
monetization solutions, is pleased to announce its engagement to
monetize inventory and other select assets associated with SunPower
Corporation's Chapter 11 bankruptcy cases. This partnership
presents an opportunity for interested buyers to acquire previously
exclusively offered high efficiency solar solutions at competitive
pricing.
As part of the Chapter 11 proceedings, HCI will oversee the
efficient liquidation of a portion of SunPower's inventory and a
broad range of select assets. The sale of these assets, includes,
but is not limited to, over 120 megawatts of solar modules with
related BOS (balance of system) and support equipment.
"Our engagement in the SunPower case exemplifies HCI's
commitment to delivering tailored solutions for distressed
companies," said Brent Bonham Managing Director at Hilco Commercial
Industrial. "This is an opportunity for businesses to purchase
assets that are no longer tied to SunPower's go-forward
restructuring efforts."
HCI will manage the entire sale process of the above-mentioned
inventory and select assets, aiming to ensure that the accompanying
transactions are handled with the highest level of professionalism
and efficiency.
Interested parties are encouraged to contact Hilco Commercial
Industrial for more information on the available assets and the
process for making acquisitions. Detailed information and a catalog
of assets will be made available upon request.
For more information, please visit
www.hilcoglobal.com/companies/hilco-commercial-industrial/sunpower
or contact SunPowerSales@hilcoglobal.com.
About Hilco Commercial Industrial: Hilco Commercial
Industrial (www.HilcoCI.com) is the preeminent global authority on
providing clients with highly customized acquisition, disposition,
and advisory solutions with respect to commercial and industrial
assets, as well as providing bespoke capital solutions. Based upon
a thorough understanding of its clients' assets and the intricacies
of the business operations that utilize those assets, Hilco
Commercial Industrial has established a dependable reputation for
delivering results to companies at every stage of their life
cycles.
Hilco Commercial Industrial is part of Northbrook, Illinois based Hilco Global
(www.hilcoglobal.com), the world's leading authority on maximizing
the value of business assets by delivering valuation, monetization,
advisory, and capital solutions to an international marketplace.
Hilco Global operates more than twenty specialized business units
offering services that include asset valuation and appraisal,
retail and industrial inventory acquisition and disposition, real
estate and strategic capital equity investments.
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SOURCE Hilco Commercial Industrial