Deals
Vivint Said to Seek $300 Million for Rooftop Solar Operations
- Vivint expects to install 260 megawatts of solar this year
- Solar developer canceled acquisition by SunEdison in March
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Vivint Solar Inc., the second-largest U.S. rooftop company, is seeking a financing package of about $300 million to help grow its operations, according to two people familiar with the deal.
Investec Plc is leading the five-year deal, according to the people, who asked not to be identified because they’re not authorized to discuss it publicly. The funds are expected to refinance an existing credit line, recycling capital to support growth. A spokeswoman for the Lehi, Utah-based solar company declined to comment Monday.