Sunrun Prices $431 million Senior Securitization of Residential Solar Systems

SAN FRANCISCO, July 18, 2025 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun's fourteenth public securitization since 2015 and third issuance in 2025.

"Sunrun's third securitization transaction of 2025 represents a refinancing of a seasoned pool of residential solar assets. We are proud of the strong execution achieved and thank our financing partners for continuing to recognize the high quality of our assets and excellence as a servicer," said Danny Abajian, Sunrun's Chief Financial Officer. "The strong performance of our numerous securitizations backed by these assets continues to be notable. The credit ratings for all Sunrun securitizations have been affirmed or upgraded since their issuance, as the performance of these transactions have remained in line with expectations."

The transaction was structured with two separate classes of A- rated notes (the "Class A-1 Notes" and "Class A-2 Notes" respectively and together ...