Sunrun securitization — solar lease + PPA pool — $447.1M Class A notes
Sunrun priced lease + PPA securitization at 2.28% yield, 120 bps spread to benchmark swap (15 bps tighter than March 2021 — record tight spread for Sunrun/Vivint Solar to date). 75% advance rate vs. aggregate discounted solar asset balance. WA FICO 747. Pricing September 22; closed September 29, 2021.
$447M
Deal Value
Solar
Technology
CA
Location
Deal Details
- Deal Type
- Securitization
- Seller / Sponsor
- Sunrun securitization SPV
- Deal Value
- $447.1M (Class A)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Sunrun IR
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