Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Sunrun Inc.
  6. News
  7. Summary
    RUN   US86771W1053

SUNRUN INC.

(RUN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SUNRUN INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)

10/12/2021 | 05:13pm EST

Item 1.01 Entry into a Material Definitive Agreement.

On October 8, 2021, a wholly owned subsidiary of Sunrun Inc. (the "Company") entered into an amendment (the "Amendment") to a syndicated, senior secured credit facility which was entered into with various lenders on April 20, 2021 and was first amended on May 5, 2021 (as amended, the "Credit Facility"). The Credit Facility was filed on August 5, 2021 as Exhibits 10.20 and 10.30 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021. The Credit Facility had commitments of $800 million, is non-recourse to the Company and is secured by net cash flows from power purchase agreements and leases available to the borrower after distributions to tax equity investors and payment of certain operating, maintenance and other expenses, and matures on April, 20, 2025.

The Amendment amends certain terms of the Credit Facility, including:

•reducing the interest rate (i) for the period from the date of the Amendment to April 20, 2024 from the applicable index (LIBOR or SOFR) + 250 basis points to the applicable index + 200 basis points and (ii) for the period from and after April 20, 2024, from the applicable index + 350 basis points to the applicable index + 300 basis points; and

•increasing total loan commitments available by $1,000,000,000, bringing the total commitments to $1,800,000,000.

The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which the Company plans to file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ending September 30, 2020.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is incorporated herein by reference.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about SUNRUN INC.
12/03BRIDGE Housing and Sunrun Celebrate Completion of Solar Installation for Renters in Sui..
AQ
12/03SUNRUN INC. : Change in Directors or Principal Officers (form 8-K)
AQ
12/02RBC Cuts Price Targets on Sunrun, Sunnova Energy International, Citing View for Slower ..
MT
12/02RBC Cuts Price Target on Sunrun to $70 From $79, Citing View for Slower California Sola..
MT
11/15TRACKINSIGHT : Solar ETFs shine amid "sunny" outlook post-COP26
TI
11/08Truist Securities Adjusts Price Target on Sunrun to $76 From $74, Maintains Buy Rating
MT
11/05UBS Adjusts Price Target on Sunrun to $55 From $50, Maintains Neutral Rating
MT
11/05RBC Trims Price Target on Sunrun to $79 From $81, Maintains Outperform Rating
MT
11/04SUNRUN : Q3 Earnings Snapshot
AQ
11/04Sunrun Reports Lower Q3 Net Income Despite Revenue Growth
MT
More news
Analyst Recommendations on SUNRUN INC.
More recommendations
Financials (USD)
Sales 2021 1 582 M - -
Net income 2021 -63,6 M - -
Net Debt 2021 5 766 M - -
P/E ratio 2021 -82,3x
Yield 2021 -
Capitalization 8 270 M 8 270 M -
EV / Sales 2021 8,87x
EV / Sales 2022 8,17x
Nbr of Employees 8 500
Free-Float 95,9%
Chart SUNRUN INC.
Duration : Period :
Sunrun Inc. Technical Analysis Chart | RUN | US86771W1053 | MarketScreener
Technical analysis trends SUNRUN INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 39,95 $
Average target price 73,88 $
Spread / Average Target 84,9%
EPS Revisions
Managers and Directors
Mary G. Powell Chief Executive Officer & Director
Tom vonReichbauer Chief Financial Officer
Edward Harris Fenster Co-Executive Chairman
Lynn Michelle Jurich Co-Executive Chairman
Christopher Dawson Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
SUNRUN INC.-42.42%8 270
TONGWEI CO., LTD.14.39%31 042
ENPHASE ENERGY, INC.23.72%29 289
TRINA SOLAR CO., LTD209.07%23 206
JA SOLAR TECHNOLOGY CO., LTD.111.71%21 617
SOLAREDGE TECHNOLOGIES, INC.-3.80%16 123