Sunrun places $715 million securitization for residential solar power systems

U.S. residential solar and battery systems provider Sunrun Inc. has priced a $715 million lease and power purchase agreement securitization. Deutsche Bank Securities, in cooperation with numerous U.S. and international financial institutions, led the placement, which is expected to close by Sept. 26.
According to Sunrun, the latest financing acquisition is not only the largest in the company's history, but in the entire residential solar industry. Combined with a similar transaction in July of this year, it means Sunrun has secured more than $1 billion in long-term debt financing in the current quarter.
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