SolarCity Corp closed a $160m five-year term facility on 22 January.
The financing will allow the company to recycle capital to continue growth and will offer power generated by solar energy systems to customers for less than they pay for utility bills at the time the customer contracts are signed.
The facility is secured by a portfolio of long-term customer systems.
BofA Merrill Lynch acted as mandated lead arranger and sole bookrunner, and KeyBank and Silicon Valley Bank acted as joint lead arrangers on the transaction.
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