Today Sunrun announced that it has completed a $45 million increase to its corporate working capital facility, bringing it to a total commitment of $250 million. The terms of the facility remain unchanged, with an interest rate of LIBOR + 3.25%.
In a brief press statement, Sunrun congratulated itself on raising flexible recourse and non-recourse capital at attractive rates. Sunrun has not named the lenders involved in the raise, describing them as “three leading finance institutions”.
Sunrun plans to use the funds for general corporate purposes.