Sunrun Prices Fourth Securitization of Residential Solar and Battery Systems
Sunrun Inc. (RUN)
NASDAQ:AMEX Investor Relations:
investors.sunrun.com/investor-overview
Company Research
Source: GlobeNewswire
SAN FRANCISCO, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery storage and energy services company, today announced it has priced its fourth securitization of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering. “We are pleased that the market increasingly recognizes both the high quality of residential solar assets as well as our industry-leading performance,” said Ed Fenster, Sunrun co-Founder and Executive Chairman. “These record capital costs and advance rates will enable more American households to choose affordable solar energy and battery service.” The two-tranche securitization includes A rated notes at an 80.0% advance rate and subordinated BB rated notes at a cumulative 95.0% advance rate. The $312.4 million in A rated notes priced at a yield of 3.63%, representing a spread to the benchmark swap rate of 205 bps. The A rated notes carry a weighted average life of 7.3 years through the Anti
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Earnings
- 2/21/24 - Miss
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Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- RUN's page on the SEC website