{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-047912","form_type":"8-K","ticker":"RUN","cik":"0001469367","company_name":"Sunrun Inc.","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.261864+00:00","generated_at":"2026-06-05T11:28:47.268387+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sunrun issues $475M 4% convertible notes due 2030; repurchases $97.5M of 2026 notes","bullets":["Issued $475M aggregate principal of 4.00% convertible senior notes due 2030; net proceeds ~$462.8M.","Initial conversion price ~$16.29 per share, a 27.5% premium over the $12.78 Feb 22 closing price.","Used $83.3M to repurchase $97.5M of its 0% 2026 notes at 85.5% of par in concurrent transactions.","Paid $37.7M for capped calls (cap price $22.365) covering ~29.2M shares to limit dilution.","Remaining proceeds for debt repayment, working capital, capex, and potential acquisitions; no specific deals identified."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-047912","json":"https://secwatch.observer/filing/0001193125-24-047912.json","markdown":"https://secwatch.observer/filing/0001193125-24-047912.md","text":"https://secwatch.observer/filing/0001193125-24-047912.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/d722692d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T11:28:47.268387+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3d6aa3717cf2ff603814f6cc850fa6df7550b74d","claim":"Sunrun Inc. incurred convertible notes of $475 million aggregate principal amount with Computershare Trust Company, National Association, as trustee at 4.00% per year maturing March 1, 2030.","evidence_excerpt":"On February 27, 2024, the Company entered into an Indenture (the “Indenture”), by and between the Company and Computershare Trust Company, National Association, as trustee (the “Trustee”), pursuant to which the Company issued $475 million aggregate principal amount of Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$475 million aggregate principal amount"},{"label":"Counterparty","value":"Computershare Trust Company, National Association, as trustee"},{"label":"Rate","value":"4.00% per year"},{"label":"Maturity","value":"March 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0a519f31ca191be3cc556326b111134dd7234153","claim":"Sunrun Inc. entered into Indenture with Computershare Trust Company, National Association, as trustee valued at $475 million aggregate principal amount (effective 2024-02-27).","evidence_excerpt":"On February 27, 2024, the Company entered into an Indenture (the “Indenture”), by and between the Company and Computershare Trust Company, National Association, as trustee (the “Trustee”), pursuant to which the Company issued $475 million aggregate principal amount of Notes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, National Association, as trustee"},{"label":"Value","value":"$475 million aggregate principal amount"},{"label":"Effective","value":"2024-02-27"}],"fact_type":"material_agreement"},{"claim_id":"da72410b975767f8a248f472c80fd7e0538b5d6b","claim":"Sunrun Inc. entered into Purchase Agreement with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers valued at $475 million aggregate principal amount (effective 2024-02-22).","evidence_excerpt":"On February 22, 2024, Sunrun Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers named in Schedule A thereto (the “Purchasers”), to issue and sell $475 million aggregate principal amount of 4.00% Convertible Senior Notes due 2030 (the “Notes”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers"},{"label":"Value","value":"$475 million aggregate principal amount"},{"label":"Effective","value":"2024-02-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}