It is Sunrun's first syndicated financing and signifies a new source of capital for the company.

Sunrun will obtain the non-recourse financing to Sunrun under a senior/subordinated credit structure. The senior facilities amount to $171m, while the subordinated facility amounts to $24m.  Investec was sole bookrunner.

"This financing significantly reduces Sunrun's cost of capital, which will help us lower costs for homeowners and also positions the company well for continued growth," says Jason Cavaliere, vice president of project finance at Sunrun.

 "The