Enphase Energy, Inc. announced that on January 28, 2019, the Company repaid in full its senior secured term loan with Tennenbaum Capital Partners, LLC (“TCP”), an indirect, wholly-owned subsidiary of BlackRock, Inc. The repayment includes a principal amount of approximately $39.5 million plus accrued interest and fees. The company paid $6.3 million in interest expense and fees on the term loan in 2018. The repayment eliminates any future interest expenses and fees on this term loan. The repayment will lead to the removal of liens on all of the company's assets, providing operating flexibility.