Sequoia has provided a revolving HoldCo facility to finance the safe harbour programme. The transaction has been structured with this programme closely in mind, allowing Sunrun to purchase equipment in a way that satisfies IRS safe harbour guidelines.
Invested in a bridge financing facility as AP Wireless looked to further expand their international business.
Took the longer-term maturity in a club financing in a conservative financing structure with sufficient equity cushion at holding company level and investment grade operating company debt.
Competitive bid support loan structure featuring acquisition and delayed capex tranches, with partial cash and PIK interest service that reflects Borrower’s funding needs and debt service capacity.