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SolarCity Raises $201.5 Million in Bonds Backed by Panels

SolarCity Corp., the first U.S. company to offer bonds backed by rooftop solar panels, raised $201.5 million in its third debt offering in eight months.

Solar City priced $160 million in senior debt and $41.5 in junior notes, the San Mateo, California-based company said today in a statement. The transaction is expected to close July 31.