Sunrun $475 million convertible notes offering and capped call transactions
The convertible notes are due 2030
麻豆入口 advised the representatives of the initial purchasers in connection with a Rule 144A offering by Sunrun Inc. of $475 million aggregate principal amount of its 4.00% convertible senior notes due 2030. In addition, 麻豆入口 advised counterparties to capped call transactions in connection with the offering.
Based in San Francisco, California, Sunrun鈥檚 mission is to connect people to the cleanest energy on earth. In 2007, Sunrun transformed the solar industry by removing financial barriers and democratizing access to locally generated, renewable energy. Today, Sunrun is the nation鈥檚 leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs.
The 麻豆入口 corporate team included partner Emily Roberts and associates Elsie Cheang and Erica F. Buonanno. The equity derivatives team included partner Mark J. DiFiore and associates Lindsey B. Meyers-Perez, Eugenia S. Lee, Ji Hwan Kim and Melissa X. Estrada. The tax team included partner Lucy W. Farr and associate Justin Corvino. Members of the 麻豆入口 team are based in the Northern California and New York offices.