Seeking Alpha

SolarCity ups credit facility again as financing binge continues

  • Less than two months after more than doubling the size of its credit revolver to $160.5M from $75M, SolarCity (SCTY +0.3%) has increased its size to $200M. The 3-year facility carries an interest rate of either 3.25% above LIBOR or 2.25% above the base rate. (PR)
  • SolarCity, which has set a target of providing solar installations for 1M+ homes by 2018, has been raising funds to finance installations at a breakneck pace. The company launched a well-received offering of solar asset-backed notes last month.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs