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Why Is Complete Solaria (CSLR) Stock Up 41% Today?
CSLRplete Solaria(CSLR) Investor Place·2024-07-01 14:16

Complete Solaria (NASDAQ:CSLR) stock is rocketing higher on Monday after the solar solutions company announced the elimination of some of its debt. Complete Solaria notes that it has canceled 67.6millionindebtfromprivateequityfirmsCarlyleandKlineHillPartners.Thecompanydidsowitha67.6 million in debt from private equity firms Carlyle and Kline Hill Partners. The company did so with a 10 million cash payment to Carlyle and an 8millioncashpaymenttoKlineHillPartners.CompleteSolarianotesthatthisdebtcancelationwasfueledbycompanyCEOT.J.Rodgers.Hepurchased8 million cash payment to Kline Hill Partners. Complete Solaria notes that this debt cancelation was fueled by company CEO T.J. Rodgers. He purchased 18 million in conv ...