Sunrun preps solar ABS offering as pace of issuance picks up

sunrun installer 230x150
By Richard Metcalf
08 Nov 2018

Residential solar installer Sunrun is preparing to launch an asset-backed securitization in the next few weeks after a spurt of offerings from competitors.

The company is “well underway” with the transaction, said Ed Fenster, one of the company’s co-founders and its executive chairman, on an earnings call on November 7.

Subordinated debt and project equity offerings could follow the senior bonds, he added. “We expect to accelerate the pace of ABS ...

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