Mosaic prices solar securitization

Fotolia Solar Mosaic 230x150
By Max Adams
12 Apr 2018

Residential solar finance company Mosaic priced its first securitization of 2018 this week. The offering follows the recent departure of the firm's head of capital markets.

The Oakland, California-based company priced the $235.25m deal via Deutsche Bank and BNP Paribas. Spreads on the $195.75m senior ‘A’ class came in at 130bp over interpolated swaps, 20bp tight of the 150bp area floated at price guidance.

The class ‘B’ notes were priced to yield 5.4%, ...

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