ENPHASE ENERGY, INC. (NASDAQ:ENPH) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
ENPHASE ENERGY, INC. (NASDAQ:ENPH) Files An 8-K Entry into a Material Definitive Agreement
Amendment of Amended and Restated Credit Agreement and Loan and Security Agreement
On December 30, 2016, Enphase Energy, Inc. (the “Company”) entered into a Consent and Third Amendment to Amended and Restated Credit Agreement (the “Third Amendment”) with Wells Fargo Bank, National Association (“Wells Fargo”), and a First Amendment to Loan and Security Agreement (the “First Amendment”) with Obsidian Agency Services, Inc. (“Obsidian”), wherein the Amended and Restated Credit Agreement with Wells Fargo and Loan and Security Agreement with Obsidian are now secured by substantially all of the assets of the Company.
The foregoing descriptions of the Third Amendment and First Amendment are not intended to be complete and are qualified in their entirety by reference to the full text of the Third Amendment and First Amendment, copies of which will be filed as exhibits to the Company’s Annual Report on Form 10-K for the period ending December 31, 2016.
About ENPHASE ENERGY, INC. (NASDAQ:ENPH)
Enphase Energy, Inc. is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity. Its microinverter system consists of three components: Enphase microinverters, an Envoy gateway and Enlighten cloud-based software. Its Enphase microinverters provide power conversion at the individual solar module level by a digital architecture that incorporates custom application specific integrated circuits (ASIC), specialized power electronics devices, and an embedded software subsystem. Envoy bi-directional communications gateway provides collecting and sending data to Enlighten software. Enlighten cloud-based software provides the capabilities to remotely monitor, manage, and maintain an individual system or a fleet of systems. ENPHASE ENERGY, INC. (NASDAQ:ENPH) Recent Trading Information
ENPHASE ENERGY, INC. (NASDAQ:ENPH) closed its last trading session down -0.01 at 1.11 with 259,696 shares trading hands.
Enphase Energy, Inc. is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity. Its microinverter system consists of three components: Enphase microinverters, an Envoy gateway and Enlighten cloud-based software. Its Enphase microinverters provide power conversion at the individual solar module level by a digital architecture that incorporates custom application specific integrated circuits (ASIC), specialized power electronics devices, and an embedded software subsystem. Envoy bi-directional communications gateway provides collecting and sending data to Enlighten software. Enlighten cloud-based software provides the capabilities to remotely monitor, manage, and maintain an individual system or a fleet of systems. ENPHASE ENERGY, INC. (NASDAQ:ENPH) Recent Trading Information
ENPHASE ENERGY, INC. (NASDAQ:ENPH) closed its last trading session down -0.01 at 1.11 with 259,696 shares trading hands.
