Loan & DebtAug 4, 2026, 06:02 PM
Sunrun Prices $267M Securitization of Residential Solar Assets
AI Summary
Sunrun announced the pricing of a $267 million public securitization of leases and power purchase agreements, marking its seventeenth securitization since 2015 and second in 2026. The Class A notes were priced at a 200 basis point credit spread, reflecting a 20 basis point improvement from a previous securitization in April 2026. The Class A Notes carry a coupon of 6.28% and a 6.33% yield, backed by a diversified portfolio of 37,595 residential solar systems.
Key Highlights
- Sunrun priced a $267 million public securitization of residential solar assets.
- This is Sunrun's seventeenth securitization since 2015 and second in 2026.
- Class A notes were priced at a 200 basis point credit spread, a 20 basis point improvement.
- The Class A Notes have a coupon of 6.28% and a 6.33% yield.
- The securitization is backed by 37,595 systems across 42 utility territories in 13 states.
- The portfolio has a weighted average customer FICO score of 756.
- The transaction is expected to close by the end of August.
Price Impact
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