Vivint Solar closes $811 million of new financing

US installer Vivint Solar, Inc. announced the closing and funding of $811 million aggregate principal amount of debt financing comprised of two separate transactions. The proceeds will be used to repay in full, or reduce the outstanding balance of, certain existing debt facilities of Vivint Solar and its subsidiaries and for general corporate purposes.
On a combined basis the financings provide back-leverage financing for a portfolio of 16 tax equity funds and one wholly owned subsidiary that owns 575 MW and over 86,000 residential solar energy systems.

Related News