Sunrun Prices $510 million Securitization, Surpassing $1.5 billion of Non-Recourse Debt Capital Raised in the Third Quarter

SAN FRANCISCO, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Sunrun (NASDAQ:RUN), America's largest provider of residential battery storage, solar, and home-to-grid power plants, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun's fifteenth securitization since 2015 and fifth issuance in 2025.

"Sunrun continues to show deep capital markets access, leveraging its strong relationships with both public and private investor groups," said Danny Abajian, Sunrun's Chief Financial Officer. "Inclusive of this transaction and a privately placed securitization in August, Sunrun will have raised more than $1.5 billion in senior and subordinated non-recourse debt financings in Q3, and we look forward to continuing to utilize our diverse financing channels to fuel profitable growth."

The securitization was structured with two pari passu tranches of A- rated notes (the "Class A-1 Notes" and "Class A-2 Notes," respectively, and together the "Class A Notes") and a single class of BB rated notes (the "Class B Notes"), which were retained. The $260 million Class A-1 Notes were marketed in a public asset backed securitization, and the $250 million Class A-2 Notes were privately placed. The Class A Notes were priced with a ...