Sunrun Prices $584 million Securitization of Residential Solar and Storage Assets
Sunrun priced a $584 million securitization of residential solar and storage assets, split between $234 million of public Class A-1 notes and $350 million of privately placed Class A-2 notes. The Class A-1 notes priced with a spread of 220 basis points, a 20 basis point improvement compared to transactions in 2025, indicating improved terms and lower cost of capital.
Key figures
- Deal Value Usd
- 584000000
- Avg fico
- 744
- Spread bps
- 220
- Num systems
- 38706
- Class a 1 size
- 234000000
- Class a 2 size
- 350000000
- Coupon rate percent
- 6.3
- Advance rate percent
- 79.3
- Weighted avg life years
- 6.88
AI analysis
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