SolarCity to Raise $223.5 Million Selling Shares, Notes
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SolarCity Corp., the third-largest U.S. solar company, is seeking to raise as much as $223.5 million by offering shares and selling convertible notes.
The company plans to offer 2.8 million shares at $33.69 each, and underwriters Goldman Sachs Group Inc., Credit Suisse Group AG and Bank of America Corp. have an option to purchase an additional 420,000 shares within 30 days, the San Mateo, California-based company said today in a filing with the U.S. Securities and Exchange Commission.