Comments on: Financing more solar energy http://blogs.reuters.com/muniland/2013/10/15/financing-more-solar-energy/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Cate_Long http://blogs.reuters.com/muniland/2013/10/15/financing-more-solar-energy/comment-page-1/#comment-2334 Mon, 04 Nov 2013 15:28:31 +0000 http://blogs.reuters.com/muniland/?p=13130#comment-2334 SAN MATEO, Calif., Nov. 4, 2013 (GLOBE NEWSWIRE) — SolarCity(R) (Nasdaq:SCTY) today announced that its wholly-owned subsidiary, SolarCity LMC Series I, LLC, intends, subject to market and other conditions, to offer in a private placement $54,425,000 aggregate principal amount of Solar Asset Backed Notes, Series 2013-1 with a scheduled maturity date of December 2026. The offering will be made only to persons who are both (i) qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, and (ii) qualified purchasers as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, for purposes of Section 3(c)(7) of such Act.

These notes will be secured by a pool of photovoltaic systems and related leases and power purchase agreements and ancillary rights and agreements that will be owned by SolarCity LMC Series I, LLC. These notes will represent obligations solely of SolarCity LMC Series I, LLC, and will not be insured or guaranteed by SolarCity Corporation or any other affiliate thereof, or by any other person or entity.

http://online.wsj.com/article/PR-CO-2013 1104-902447.html?dsk=y

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