|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BofA Merrill Lynch, Others Provide $325MM Credit Facility to Vivint Solar
|
Lenders/Participants
|
Bank of America Merrill Lynch [Lender]
Citibank [Lender]
KeyBank [Lender]
Silicon Valley Bank [Lender]
Credit Suisse Bank [Lender]
|
|
Structure
|
Revolving Warehouse Facility
|
|
Amount
|
$325.000
Million
|
|
Borrower(s)
|
Vivint Solar, Inc.
|
|
Description
|
A $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020. The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of upfront proceeds as a percentage of future contractual cash flows. Five lenders are involved in the deal, which includes an accordion feature that provides the ability for VSLR to upsize the facility to $400 million.Transaction details not disclosed.
|
|
Industry
|
Energy
|
| Related Tags |
Bank of America Merril Lynch, Citibank, Credit Suisse, KeyBank, Silicon Valley Bank
|
ABL Advisor
Deal Tables
2024
|
|
|
|