Search Results for: "Silicon Valley Bank" – Page 3

The deal will allow Vivint to refinance an aggregation credit facility that was set to mature in 2020, while reducing the cost of debt by 87.5 basis points.

Mining giant replaces coal with green certificates at Utah operation, residential solar specialist Spruce Finance bags senior secured facility, FTC launches data platform.

Spruce Finance announced Thursday that has raised tax equity and project debt transactions in order to support US$445 million in residential solar power purchase agreements and leases in 2017.

Spruce Finance, a provider of consumer financing for residential solar and home efficiency improvements, has closed a US$105.4 million round of debt financing with Investec and Silicon Valley Bank (SVB) as the lead arrangers.

Vivint Solar closes US$313 million term loan facility, Mosaic secures US$220 million equity financing, GameChange Solar receives 28MW tracker order

US solar installer Suncrest Solar has marked a big play in the residential market by expanding into northern California and launching into two new US states.

Struggling US solar rooftop installer RGS Energy has been successful in renewing a revolving line of credit with Silicon Valley Bank and existing loans with Riverside Fund III, division of the firms largest shareholder, Riverside Renewable Energy Investment.

PV module assembly equipment specialist, Spire Corporation reported third quarter 2014 revenue of US$3.7 million and nine months revenue of US$11.7 million, a 6% increase over the prior year period.

Real Goods Solar (RGS) has reported higher revenue and gross profit, lower operational costs and lower net loss for the third quarter of 2013.

Trina Solar and Spire have both improved their financial positions by securing new or expanding existing lines of credit.  Trina said it has landed new credit facilities totaling $57 million from Standard Chartered Bank (China), consisting of trade financing and defensive hedging products. Spire said it has amended its current $3 million revolving credit facility with Silicon Valley Bank, adding another $5 million revolver, which adds up to $8 million available to the company over the next year.