Dividend Solar closes second ABS offering

Resi solar fotolia 230x150
By Fotios Tsarouhis
24 Apr 2018

Residential solar lender Dividend Solar has closed its second solar securitization.

Credit Suisse was sole structuring agent and bookrunner on the $104.66 million issuance, with Citi acting as co-manager.

The loan-backed deal comprised a $25.34m class 'A' tranche, a $66.4m 'B' tranche, a $6.6m 'C' tranche and a $6.32m D tranche, which Kroll Bond Rating Agency rated AA, A, BBB and BB, respectively.

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