Friday, May 27 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of May 23
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Sunrun closes USD-425m recourse lending facility


    January 28, 2022 - SeeNews Renewables

     

      January 28 (Renewables Now) - Sunrun Inc (NASDAQ:RUN), a US provider of home solar panels and batteries, said that it has arranged a USD-425-million (EUR 381.2m) recourse lending facility, securing better terms to ensure growth of its business.

      The new facility replaced the prior USD-250-million recourse lending facility, which was retired and repaid. The tenor is now longer -- the new facility matures in January 2025 -- and the terms are improved, Sunrun said. Costs of the borrowing remained unchanged.

      The upsized facility included commitments from three new and six existing lenders. It also contains an accordion feature, allowing expansion of the facility to accommodate the growth of the business over time, subject to certain conditions and additional capital commitments, the firm added.

      (USD 1.0 = EUR 0.898)

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.