Vivint Solar closes US$811 million in new financing

Facebook
Twitter
LinkedIn
Reddit
Email
The US$811 million in funding will be used to  both repay in full and cut down on the balance of certain debt facilities. Image: Vivint Solar

US-based residential PV provider Vivint Solar has closed US$811 million in debt financing through two separate transactions.

The first is a capital markets issuance by the company’s subsidiary, Vivint Solar Financing, for a total of US$466 million. In addition, Vivint Solar Financing IV issued a private placement of US$345 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

These two financing transactions will be utilised to both repay in full and cut down on the balance of certain debt facilities of Vivint Solar and its subsidiaries for general corporate purposes.

The US$811 million total will also provide back-leverage financing for a portfolio of 16 tax equity funds and a subsidiary that owns a PV portfolio of 575MW and over 86,000 residential PV systems.

In total, these transactions lower Vivint Solar, Inc.'s blended total credit spreads by approximately 160 basis points.

Thomas Plagemann, Vivint Solar’s chief commercial officer and head of capital markets, said: “We are pleased to announce this new milestone in the evolution of our financing strategy, which optimizes and simplifies our term debt structure while allowing us to repay more expensive outstanding loans, increase advance rates, lock in attractive fixed borrowing rates and create incremental liquidity for the business.”

Read Next

July 30, 2025
Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.
July 16, 2025
IPP Cero Generation and developer Enso Energy have reached financial close on a 360MW solar-plus-storage portfolio of projects in the UK.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 2, 2025
Asset management firm Capital Dynamics has secured €110 million (US$129.4 million) in financing for three solar PV projects in Spain.
July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines