Connect with us

Hi, what are you looking for?


Clean Power

Vivint Solar Extends Credit Facility To 2020

Vivint Solar, one of America’s leading residential solar distributors, announced this week that it would extend the term of its aggregation credit facility through to March 2020.

Vivint Solar, one of America’s leading residential solar distributors, announced this week that it would extend the term of its aggregation credit facility through to March 2020.

Announced on Monday, Vivint Solar revealed that it intends to extend the available period for borrowing under the company’s aggregation credit facility by an additional three years, through to March 2020, with a final maturity in September of that same year.

According to Vivint Solar:

“Originally entered into in September 2014, this revolving credit facility has provided debt capital to Vivint Solar for new residential solar customers and projects until the company has aggregated the contractual cash flows from those systems into pools that support long term debt facilities, such as the $313 million syndicated bank term loan facility announced in August 2016 and the $203 million institutional term loan facility announced in January 2017.”

“We are pleased to be able to extend this critical borrowing facility that enhances our capital availability and security with the support of Bank of America Merrill Lynch and the rest of the lender group,” said Thomas Plagemann, chief commercial officer and head of capital markets at Vivint Solar. “Our strengthened financial position provides greater financing flexibility to meet our strategic growth objectives.”

Vivint Solar has been doing relatively well for itself since the collapse of a merger agreement with once-powerful SunEdison in early 2016. A year later, and Vivint Solar was able to announce that it had reached 100,000 residential solar customers across the United States. The company announced early this year two separate financing agreements totaling $303 million, a continuation of its ability to regularly acquire significant financing for its residential solar program.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Power

Sunrun has acquired Vivint Solar to become the largest roof top solar company in America.

Clean Power

There was plenty of positive solar energy news this month. Aside from the 63 solar stories we've published so far, below are 10 more...

Clean Power

CITE Research recently conducted a survey for Vivint Solar and found that 70% of Americans would support a nationwide mandate requiring that solar panels...

Clean Power

Vivint Solar, the second-largest residential solar provider in the United States, announced on Tuesday that it has closed a $325 million revolving warehouse credit...

Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.