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Sunrun Seeks $500 Million for Rooftop Solar Growth

  • Deal would be company’s biggest non-recourse debt financing
  • Sunrun is now the largest U.S. residential solar installer
Sunrun Inc. vans in Linthicum Heights, Maryland.

Sunrun Inc. vans in Linthicum Heights, Maryland.

Photographer: Kristoffer Tripplaar/Sipa via AP
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Sunrun Inc., the largest U.S. residential-solar company, is seeking about $500 million to fund more rooftop-power systems, according to people familiar with the company’s plans.

South African bank Investec Plc is leading the five-year deal, according to the people, who declined to comment because they weren’t authorized to speak publicly. The funds would refinance and expand an existing credit facility and represent the company’s biggest non-recourse debt financing deal to date. Sunrun declined to comment Thursday.