Sunrun Prices Offering Of $475M 4.00% Convertible Senior Notes Due 2030
Portfolio Pulse from Benzinga Newsdesk
Sunrun Inc. (NASDAQ:RUN) has announced the pricing of $475 million in 4.00% convertible senior notes due 2030, with an option for initial purchasers to buy an additional $75 million. The notes will be sold at 99.75% of their principal amount, with the sale expected to close on February 27, 2024.

February 23, 2024 | 6:30 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Sunrun Inc. has priced a significant offering of convertible senior notes, aiming to raise up to $550 million. This move could impact its financial flexibility and potentially its stock price.
The offering of convertible senior notes by Sunrun Inc. is a significant financial move that could enhance the company's liquidity and support its growth strategies. This could be viewed positively by investors, as it demonstrates Sunrun's ability to access capital markets for funding. However, the impact on the stock price will depend on market perception of the company's future growth prospects and how this capital is intended to be used.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100