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Sunrun secures $33M term loan facility

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Sunrun secures $33M term loan facility

has secured a $33 millionnon-recourse term loan facility to finance a portfolio of solar renewable energycredits.

The facilityhas a five-year term and the initial lender, a leading international financial institution,was undisclosed. Sunrun will make interest payments at 6.8% on the initial amountdrawn.

"TheNortheast is a thriving pocket of the U.S. solar market and this loan further supportsSunrun's strong position in the region, which includes our customer originationpartnerships with [],[NRG Energy Inc.], andAmbit Energy," Sunrun CFO Bob Komin said in a July 19 news release.