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T1 Energy Inc. (NYSE:TE), a $220 million market cap renewable energy company currently trading at $1.44, reported Thursday that its wholly owned subsidiary, T1 G1 Dallas Solar Module (Trina) LLC, has entered into an amendment to its existing credit agreement. The company disclosed in a press release statement, filed with the Securities and Exchange Commission, that the amendment, dated June 30, 2025, is the sixth modification to the credit agreement originally executed on July 16, 2024.
According to the filing, the amendment involves HSBC Bank USA, N.A., acting as administrative and collateral agent, alongside other lenders. The main change under the amendment is a reduction in the balance required to be maintained in the subsidiary’s debt service reserve account for the period from July 1, 2025, through July 31, 2025.
The credit agreement also lists Standard Chartered (LON:STAN) Bank and Société Générale as joint lead arrangers, with Standard Chartered Bank serving additionally as green loan coordinator. The company stated that the amendment is subject to the full terms outlined in the agreement, a copy of which was included as an exhibit in the filing.
T1 Energy Inc. is incorporated in Delaware and is based in Austin, Texas. Its common stock and warrants are listed on the New York Stock Exchange under the symbols TE and TE WS, respectively. According to InvestingPro analysis, the stock appears undervalued at current levels, with the next earnings report scheduled for August 8, 2025. Subscribers can access the comprehensive Pro Research Report, part of the analysis available for 1,400+ US stocks.
The information in this article is based on a press release statement included in the company’s SEC filing.
In other recent news, T1 Energy has announced significant developments that could impact investors. The company has lowered its 2025 EBITDA guidance to a range of $30-$50 million, down from a previous estimate of $75-$125 million, citing strategic shifts and operational challenges. This comes as the company reported Q1 2025 revenue of $64.4 million and a plan to maintain over $100 million in liquidity by the end of the year. T1 Energy has also selected Yates Construction for its upcoming $850 million solar cell facility in Milam County, Texas, expected to produce 5 gigawatts of solar cells by the end of 2026. Additionally, shareholders have ratified the appointment of PricewaterhouseCoopers AS as the independent auditor for the company. The company is winding down its European operations to focus on the U.S. market, with a strategic emphasis on domestic production. Milam County commissioners have approved a tax abatement package for T1 Energy, contingent on meeting specific employment and investment thresholds. These recent developments reflect T1 Energy’s efforts to adapt to changing market conditions and focus on expanding its domestic manufacturing capabilities.
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