Vivint Solar is a leading full-service residential solar provider in the United States. With Vivint Solar, customers can power their homes with clean, renewable energy and typically achieve significant financial savings over time.

U.S. solar installer, Vivint Solar, has announced the closing and funding of $811 million aggregate principal amount of debt financing comprised of two separate transactions.

The proceeds from these financings will be used to repay in full or reduce the outstanding balance of, certain existing debt facilities of Vivint Solar, and its subsidiaries and for general corporate purposes.

Via these transactions, Vivint Solar aims to lower its blended total credit spreads by approximately 160 basis points.

On a combined basis the financings provide back-leverage financing for a portfolio of 16 tax equity funds and one wholly owned subsidiary that own 575 megawatts and over 86,000 residential solar energy systems.

Founded in 2011 as an offshoot of Vivint, Vivint Solar went public in 2014. Vivint Solar is publicly traded on the New York Stock Exchange.

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