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Vivint Arranges $200 Million Loan for Residential Solar

  • Loan the `first step in a series of anticipated' financings
  • Deal arranged two weeks after Vivint canceled SunEdison deal
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Vivint Solar Inc., the rooftop solar company that canceled its planned acquisition by SunEdison Inc. this month, arranged a $200 million loan to finance its residential power projects.

The non-recourse loan is secured by cash flow from the company’s long-term solar leases, Lehi, Utah-based Vivint said in a statement Tuesday. The lender wasn’t identified.