Borrower Strategies

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  • Goldman, Mosaic Ready Co-sponsored Solar ABS

    Jun 18, 2018 - Max Adams

    Goldman Sachs and residential solar finance firm Mosaic are preparing to jointly issue a new solar loan securitization.
  • Vivint Reveals Details of ABS Private Placement

    Jun 12, 2018 - Richard Metcalf

    Credit Suisse was sole arranger on a privately placed solar securitization that Vivint issued alongside its public market debut last week.
  • TerraForm Eschews Public Offering in Favor of Brookfield Backstop

    Jun 12, 2018 - Shravan Bhat

    TerraForm Power has foregone a planned public equity offering to fund its acquisition of Saeta Yield, instead using a backstop provided by its sponsor to place 61 million shares privately with Brookfield Renewable Partners and its institutional partners for $650 million.
  • Michigan Utility Adds Sustainability Metric to Revolver Pricing

    Jun 11, 2018 - Richard Metcalf

    The margins paid by Michigan utility company CMS Energy on two revolving credit facilities will, for the first time, be linked to its sustainability goals as a result of amendments signed on June 5.
  • Vivint Prices Debut Securitization

    Jun 06, 2018 - Fotios Tsarouhis

    Vivint has priced its first asset-backed securitization, a $466 million offering backed by a multi-state portfolio of residential solar assets, with the vast majority of the cash flows coming from power purchase agreements.
  • Resi Solar Lender Raises Growth Equity

    Jun 06, 2018 - Richard Metcalf

    Residential solar lender Sunlight Financial has raised $50 million of equity from growth investor FTV Capital to fund enhancements to its technology platform and its product suite.
  • Brazilian Generator Lines Up Bond Offering with Parent Guarantee

    May 30, 2018 - Michael Turner

    Brazil’s CPFL Geração de Energia has received board approval to raise R$1.4 billion ($375 million) in the debt market.
  • Vivint Readies Maiden ABS Deal

    May 24, 2018 - Fotios Tsarouhis

    Vivint is preparing to issue its debut asset-backed securitization, a $355 million offering that will be the year’s first ABS deal to be backed by power purchase agreements and leases.
  • TerraForm Power Snips Away at Corporate Loan Coupon

    May 14, 2018 - Shravan Bhat

    TerraForm Power has repriced its corporate term loan B, dramatically reducing its borrowing costs in a hot market as it proceeds with its acquisition of Spanish yield company Saeta Yield.
  • Resi Solar Stocks Pop on California Rooftop Solar Rule Approval

    May 10, 2018 - Shravan Bhat

    Stocks in rooftop solar developers Vivint Solar and Sunrun jumped after the California Energy Commission approved a mandate requiring most new homes in the state from 2020 to have rooftop solar.
  • Vistra to Refi Legacy Dynegy Debt

    May 09, 2018 - Richard Metcalf

    Vistra Energy Corp. is planning to issue a term loan B and upsize its revolving credit facility to refinance debt it has inherited through its acquisition of Dynegy.
  • FirstEnergy Transmission Unit Prices Maiden Bonds

    May 08, 2018 - Shravan Bhat

    FirstEnergy Corp. has priced a $450 million bond, the first to be issued by its Mid-Atlantic Interstate Transmission (MAIT) subsidiary, the proceeds of which will fund transmission investments this year.
  • Yieldco Refinances Revolver

    May 07, 2018 - Fotios Tsarouhis

    NRG Yield has refinanced its $495 million revolving credit facility.
  • TransCanada PipeLines Prices Bonds after Downgrade

    May 04, 2018 - Shravan Bhat

    Canadian energy infrastructure sponsor TransCanada PipeLines priced a triple-tranche bond offering slightly tighter than initial price talk on May 3, despite a recent ratings downgrade.
  • Start-up Expands C&I Solar Leasing Program

    May 02, 2018 - Shravan Bhat

    New York-based lending platform Open Energy has signed a $50 million flow agreement with an unnamed bank to finance sub-1 MW solar projects on recourse basis.
  • Michigan Utility Joins Ranks of U.S. Green Bond Issuers

    May 01, 2018 - Richard Metcalf

    DTE Electric Co. has become the newest member in the slowly growing club of investment grade U.S. electric utility companies that have issued bonds explicitly marketed or certified as “green”.
  • Dividend Solar Wraps Second ABS Offering

    Apr 24, 2018 - Fotios Tsarouhis

    Residential solar lender Dividend Solar has closed its second solar securitization.
  • LatAm Trio Line Up Debt Sales

    Apr 19, 2018 - Michael Turner

    Two Latin American mid-stream gas companies and an independent power producer are preparing to tap the fixed income market in the coming weeks.
  • Wunder Capital Raises C&I Solar Debt Fund

    Apr 19, 2018 - Shravan Bhat

    Boulder, Colo.-based Wunder Capital has raised $112 million in equity and debt as part of its Series B funding round, which was led by Cyrus Capital Partners with existing investors including Wunder's Series A lead Techstars Ventures.
  • Third Solar ABS of 2018 to Hit Market

    Apr 12, 2018 - Fotios Tsarouhis, Shravan Bhat

    Dividend Solar is prepping a $104.66 million asset-backed securitization, the company’s second ABS deal and the third deal to come to market this year.
  • Mosaic Readies Latest Solar Loan Securitization, Appoints Bookrunner Duo

    Apr 06, 2018 - Max Adams

    Solar finance company Mosaic is preparing to issue its first asset-backed securitization of 2018.
  • Sunnova Wins Soros Fund Equity

    Apr 04, 2018 - Fotios Tsarouhis

    An investment vehicle advised by Soros Fund Management has invested equity in Sunnova Energy Corp.
  • Mosaic Readies Solar Loan ABS, Appoints Bookrunner Duo

    Apr 04, 2018 - Max Adams

    Solar finance company Mosaic is preparing to issue its first securitization of 2018.
  • FirstEnergy Subsidiaries File for Chapter 11

    Apr 02, 2018 - Richard Metcalf

    FirstEnergy Corp. announced the long-awaited Chapter 11 filing of its competitive generation subsidiary FirstEnergy Solutions, as well as FirstEnergy Nuclear Operating Co., on March 31.
  • Ormat Lands Insurance Co. Debt

    Mar 28, 2018 - Fotios Tsarouhis

    Ormat Technologies has secured a $100 million loan from Israeli insurance company Migdal Group.
  • Fortis Subsidiary’s Privately Placed FMB Prices Inside Public Comp.

    Mar 26, 2018 - Richard Metcalf

    ITC Transmission, a subsidiary of utility holding company Fortis, priced a $225 million first mortgage bond in mid-March in the U.S. private placement market, arguably at a tighter spread than it could have achieved in the public bond market.
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