Sunrun Closes $835 Million Non-Recourse Financings To Support Continued Growth
Amount Raised
$835 Million
Round Type
Funding Round
San FranciscoEnergyDescription
Sunrun (Nasdaq: RUN), the nation’s leading home solar, battery storage and energy services company, closed a $600 million non-recourse syndicated bank facility supporting a 335 MW portfolio of leases and power purchase agreements (the “Senior Credit Facilities”). The Senior Credit Facilities consist of a $575 million amortizing loan (the “Senior Loan”) and a $25 million debt service reserve letter of credit (“DSR LC”). Sunrun also closed an additional non-recourse subordinated financing, which is secured by Sunrun’s retained equity interest in the underlying collateral supporting the Senior Credit Facilities. All facilities closed on December 23, 2022.
Quick answer
Sunrun Inc. raised $835 Million in a Funding Round round, dated January 5, 2023. Sunrun Inc. is based in San Francisco, California, United States.
- How much did Sunrun Inc. raise?
- Sunrun Inc. raised $835 Million in a Funding Round round on January 5, 2023.
- What does Sunrun Inc. do?
- Sunrun is a United States-based provider of residential solar electricity and solar power services for homeowners.
- Where is Sunrun Inc. based and how big is it?
- Sunrun Inc. is based in San Francisco, California, United States. Fundz records about 9,100 employees.
- Who are the decision-makers at Sunrun Inc?
- Fundz holds 2 contacts at Sunrun Inc., including the Chief Revenue Officer (CRO). Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy around the same time
Companies in the same sectors as Sunrun Inc. that raised within 45 days of this round, from Fundz verified event records.
- New Energy Metals raised $4K (Pre-Seed) on February 17, 2023.
- QiO raised $10M (Funding Round) on February 16, 2023.
- Lithium Americas raised $650M on February 16, 2023.
- Headwater Gold raised $485K (Seed) on February 15, 2023.
- NanoGraf raised $65M (Series B) on February 14, 2023.
- Fluid Efficiency raised $7.7M (Seed) on February 14, 2023.
Who to call at Sunrun Inc., and when
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Related People
Sunrun Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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