FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Deal Tables / Deal List / Deal Details

The ABL Advisor Deal Tables

BofA Merrill Lynch, Others Provide $325MM Credit Facility to Vivint Solar
Monday, August 12, 2019

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 2019
Thomson Reuters LPC
League Tables
Thomson Reuters LPC
Loan Volume Reports