USD 203 million , the U.S. residential solar system provider, has secured $303m in new financing from five different investors to repay existing borrowing and install a large tranche of new solar systems. The financing is split into a 200 , fixed-rate, 18-year debt to be repaid using the contractual cash flows from four existing investment funds, and $100m follow-on investment in tax equity financing. The second investment will be used for the installation of over 66 MW of residential arrays. Last year's failed merger with CFO destabilised the company but in November 2016 it raised $ $203m m in tax equity funding.
USD 203 million , the U.S. residential solar system provider, has secured $303m in new financing from five different investors to repay existing borrowing and install a large tranche of new solar systems. The financing is split into a 200 , fixed-rate, 18-year debt to be repaid using the contractual cash flows from four existing investment funds, and $100m follow-on investment in tax equity financing. Last year's failed merger with CFO destabilised the company but in November 2016 it raised $ $203m m in tax equity funding.