Sunrun prices largest ever residential solar securitization

The deal raised $886.3m.

It was structured as two pari-passu A+ (KBRA) rated classes – one public and one private. The public notes priced at 6.385%. A subordinated class was retained by Sunrun.

The bonds are backed by a portfolio of 48,628 residential solar systems.

The deal was structured by ATLAS SP. Bookrunners were ATLAS SP, JP Morgan, MUFG and RBC.