The convertible notes are due 2030

Davis Polk 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, Davis Polk advised counterparties to capped call transactions in connection with the offering.

Based in San Francisco, California, Sunrun’s 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’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs.

The Davis Polk 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 Davis Polk team are based in the Northern California and New York offices.

Copy link to share post