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SolarCity offers $70.2 million in asset-backed notes

Posted by Industry News on Apr 4, 2014

AEE member SolarCity is offering another $70.2 million in asset-backed notes as securitization for distributed solar generation. The company also offered $54.4 million of an “aggregate principal amount of Solar Asset Backed Notes, Series 2013-1” which yielded 4.80 percent late last year. Find out the insights that this 2014-1 securitization strategy presents here.