Sunrun amends credit facility: extends maturity to 2028, cuts commitments to $321M

Sunrun Inc.

Maturity extended from March 2027 to March 1, 2028 via Amendment No. 4 dated Dec 31, 2025.
Commitments reduced to approximately $321.4M, equal to amount utilized before amendment.
L/C sublimit increased from $100M to $150M; liquidity requirement rises to 20% of total utilized by Q4 2026.
Maximum modified leverage ratio tightened from 5.50x to 5.00x; company was compliant as of Sep 30, 2025.
Further commitment reductions not below $150M tied to principal prepayments from generated cash.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sunrun Inc. amended credit facility of approximately $321,394,000 with KeyBank National Association maturing March 1, 2028.

Instrument: credit facility
Principal: approximately $321,394,000
Counterparty: KeyBank National Association
Maturity: March 1, 2028
Event: amendment

Exact text from the filing

extend the stated maturity date from March 1, 2027 to March 1, 2028, (b) reduce the commitments to approximately $321,394,000

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sunrun Inc. amended Amendment No. 4 with KeyBank National Association, as administrative agent, and the other parties thereto valued at approximately $321,394,000 (effective 2025-12-31).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association, as administrative agent, and the other parties thereto
Value: approximately $321,394,000
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025, Sunrun Inc. (the “Company”) entered into Amendment No. 4 (“Amendment No. 4”) to that certain Credit Agreement, dated as of January 24, 2022 (as amended by Amendment No. 4, the “Credit Agreement”), by and among the Company, KeyBank National Association, as administrative agent, and the other parties thereto, to, among other things, (a) extend the stated maturity date from March 1, 2027 to March 1, 2028, (b) reduce the commitments to approximately $321,394,000

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Source: SEC EDGAR

accession 0001193125-26-003449

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