Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SolarCity Proposes $54.4 Million Securitization Placement

Nov. 4 (Bloomberg) -- SolarCity Corp., the second-largest U.S. solar company by market capitalization, rose after seeking a buyer for $54.4 million of asset-backed notes in a private placement.

SolarCity jumped 11 percent to $60.97 a share at the close in New York.

The notes, with a scheduled maturity date of December 2026, would be secured by a pool of solar systems, related leases and power-purchase agreements and other rights and agreements, the San Mateo, California-based company said today in a statement.

Additional details could not be provided due to Securities and Exchanges Commission rules, Jonathan Bass, a SolarCity spokesman, said in an e-mail today.

First Solar Inc. is the largest U.S. solar company.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.