Sunrun Prices $230 million Senior Securitization of Residential Solar & Battery Systems [Yahoo! Finance]
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: Yahoo! Finance
announced it has priced a securitization of leases and power purchase agreements. The securitized leases and power purchase agreements have been in service for an average of 6.75 years, and thus the vast majority of the portfolio is after the ‘flip point' in tax equity structures. “Sunrun's industry-leading performance as an originator and servicer of residential solar assets continues to provide deep access to attractively priced capital,” said Danny Abajian, Sunrun's Chief Financial Officer. “The latest ABS transaction was priced at a credit spread of 195 basis points, a 37.5 basis point improvement from Sunrun's most recent privately placed senior securitization in February and 45 basis points lower than Sunrun's securitization in September 2023. The latest execution represents the lowest spread achieved for similarly rated transactions across the sector since 2021, a testament to Sunrun's strong track record.” The securitization was issued with a single class of notes that are
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News
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- Sunrun (RUN) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
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