trending Market Intelligence /marketintelligence/en/news-insights/trending/KxPDNLMxA1OLwI_uJWZwMA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Vivint Solar secures $360M in funding commitments

Blog

Global M&A Infographic Q1 2021

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

COVID-19 Impact & Recovery: Private Equity

Blog

Utility sector progressing on gender diversity, but experts say more work needed


Vivint Solar secures $360M in funding commitments

Residential solar provider Vivint Solar Inc. secured $360 million in funding commitments that includes project-level debt, a levered tax equity partnership and a cash equity investment.

The multiparty forward flow funding arrangement is structured to generate upfront cash margin for the company for approximately 95 MW to 100 MW of future solar energy system, according to a June 4 news release.

"While our focus is always on providing the best suited products for each homeowner, it is equally important to develop a sustainable funding model so we can continue growing," said Thomas Plagemann, chief commercial officer and executive vice president of capital markets.

Bank of America Merrill Lynch acted as sole structuring and placement agent for the cash equity and multidraw term loan, as well as the sole tax equity investor. Hannon Armstrong participated as the structured cash equity investor.