iSun Inc. Secures $25 million Debt Facility
iSun strengthens Balance Sheet to Continue Growth Trajectory
iSun, Inc. (NASDAQ:ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announces that it has entered into a debt financing agreement for up to $25 million in Senior Secured Convertible Notes facility (the "Notes") with a single institutional investor (the "Lender"). The proceeds will be used for repayment of indebtedness, satisfaction of certain of the Company's financial obligations, working capital and general corporate purposes.
An initial funding of $12.5 million (less an original issue
