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.
Vivint Solar, the US 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 $203m, 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 SunEdison destabilised the company but in November 2016 it raised $200m in tax equity funding.