SolarCity has become the first U.S. company to offer bonds backed by rooftop solar panels, selling $54.4 million in a transaction that closed in mid-November. Credit Suisse acted as sole structuring agent and bookrunner for the transaction. The deal involves $54.4 million in financing at an interest rate of 4.8 percent, and it matures in December 2026. This securitization is only the beginning, as SolarCity plans to sell as much as $200 million in notes in the second quarter, says Jonathan ... Freemium Content

"Printer-friendly" is FREE to access as a registered user on

Why Register for NREIonline? It's simple and free, and here is what you get:

  • Access to leading real estate industry research.
  • Interactive rankings of commercial real estate professionals.
  • Submit your own articles, (if approved) which will appear around the site.
  • Ability to comment and interact on all site content.

Already registered? here.