secwatch.observer — SEC 8-K summary
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Issuer:     Sunrun Inc. (RUN)
CIK:        0001469367
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001193125-22-017757
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrun closes $425M recourse lending facility, replacing $250M facility with enhanced terms
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- New $425M facility refinances $250M existing facility; ~$211M outstanding repaid.
- Enhanced terms: 5% discount rate for operating assets, higher advance rates on project backlog and inventory.
- Maturity extended to January 2025, longer than prior 2-year extension.
- Borrowing cost unchanged; facility has accordion feature to upsize to $600M.
- Initial commitments from nine lenders; CFO cites improved capital market execution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1469367/000119312522017757/0001193125-22-017757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1469367/000119312522017757/d619309d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-017757

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