---
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"
generated_at: "2026-06-05T11:28:47.268387+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sunrun issues $475M 4% convertible notes due 2030; repurchases $97.5M of 2026 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-047912
- JSON: https://secwatch.observer/filing/0001193125-24-047912.json
- Plain text: https://secwatch.observer/filing/0001193125-24-047912.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $475 million aggregate principal amount
  - Counterparty: Computershare Trust Company, National Association, as trustee
  - Rate: 4.00% per year
  - Maturity: March 1, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm
- Material Agreements
  Sunrun Inc. entered into Indenture with Computershare Trust Company, National Association, as trustee valued at $475 million aggregate principal amount (effective 2024-02-27).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, National Association, as trustee
  - Value: $475 million aggregate principal amount
  - Effective: 2024-02-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers
  - Value: $475 million aggregate principal amount
  - Effective: 2024-02-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.