Sunrun Closes Securitization and Raises Additional Subordinated Financing
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: GlobeNewswire
Transactions result in highest advance rate relative to the underlying collateral asset value in the company’s history, exceeding 100% of contracted Gross Earning Assets and achieves new low weighted average cost of capital Financings set new records, with record low spreads against benchmark rates and 2.28% senior tranche yield, and improving cost of subordinated financing SAN FRANCISCO, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery storage and energy services company, today announced it has closed the securitization of leases and power purchase agreements on September 29th (“Sunrun 2021-2”). Sunrun today also announced the execution and closing of an additional subordinated financing, which is secured indirectly by the Class B Notes issued to a subsidiary of Sunrun in the securitization transaction and by a portion of Sunrun’s additional retained interest in the underlying collateral assets in the securitization transaction. “
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News
- Sunrun Announces Date for First Quarter 2024 Earnings Report [Yahoo! Finance]Yahoo! Finance
- Sunrun Announces Date for First Quarter 2024 Earnings ReportGlobeNewswire
- Have Solar Energy Stocks Finally Hit Rock Bottom? [Yahoo! Finance]Yahoo! Finance
- Sunrun Prices $230 million Senior Securitization of Residential Solar & Battery Systems [Yahoo! Finance]Yahoo! Finance
- Sunrun Prices $230 million Senior Securitization of Residential Solar & Battery SystemsGlobeNewswire
RUN
Earnings
- 2/21/24 - Miss
RUN
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 8-K
- 4/11/24 - Form 144
- RUN's page on the SEC website