Securitization
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Sunrun Announces $431 Million Securitization of Residential Solar Assets
Sunrun (NASDAQ: RUN) priced its fourteenth securitization since 2015, totaling $431 million in notes. The deal includes $331 million of Class A-1 Notes and $100 million of Class A-2 Notes. The Class A Notes offer a 6.15% coupon. This is backed by 63,318 systems across 12 states and Washington D.C., with a customer base averaging a FICO score of 757. The transaction is expected to close around July 30, 2025, demonstrating continued investor confidence in Sunrun’s solar assets.
