Sunrun (RUN) said Tuesday it priced a $629 million securitization of leases and power purchase agreements, its first issuance this year.
The transaction was structured with three classes of A-rated notes and a single class of BB-rated notes.
The $102 million Class A-1 notes and the $276.5 million Class A-2A notes were marketed in a public asset-backed securitization, whereas the $250 million Class A-2B notes were privately placed, the company said late Tuesday.
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