secwatch.observer — SEC 8-K summary
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Issuer:     Sunrun Inc. (RUN)
CIK:        0001469367
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001193125-24-047912
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/0001193125-24-047912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1469367/000119312524047912/d722692d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-047912

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer