Sunrun Receives $250,600,000 New Financing

  • Feed Type
  • Date
    8/5/2015
  • Company Name
    Sunrun
  • Mailing Address
    595 Market Street 29th Floor San Francisco, CA 94105 USA
  • Company Description
    Sunrun (NASDAQ: RUN) is the nation’s first residential solar electricity provider. Pioneering solar as a service, Sunrun offers the only low-cost, zero-hassle way for homeowners to go solar and is also the only company that lets homeowners lock in an electricity rate that is lower than utility rates and never increases.
  • Website
    http://www.sunrun.com
  • Transaction Type
    IPO
  • Transaction Amount
    $250,600,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We intend to use the net proceeds to us from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures. We cannot specify with certainty the particular uses of the net proceeds to us from this offering. Accordingly, we will have broad discretion in using these proceeds, provided that we comply with the terms and conditions contained in our credit agreements. Pending the use of proceeds to us from this offering as described above, we intend to invest the net proceeds from this offering in short-term and long-term interest-bearing obligations, including government and investment-grade debt securities and money market funds.
  • M&A Terms

Trending on Xconomy