Vivint Arranges $200 Million in Financing for Residential Solar

Aug. 6 (Bloomberg) -- Vivint Inc., the home security and solar-energy provider acquired last year by Blackstone Group LP, arranged $200 million in tax-equity funding to build residential power systems.

The funding will let the company target its 775,000 existing home-automation clients and new ones, Provo, Utah-based Vivint said in a statement today.

Vivint designs, installs and maintains solar systems in California, Hawaii, Maryland, Massachusetts, New Jersey, New York and Washington, D.C.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net