SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 27, 2018
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
595 Market Street, 29th Floor
San Francisco, California 94105
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Emerging growth company ☒
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Item 1.01 Entry into a Material Definitive Agreement
On March 27, 2018, a wholly owned subsidiary of Sunrun Inc. (the "Company") entered into an amended and restated senior secured revolving credit agreement ("Amended Credit Agreement"), amending certain terms of the original credit facility, which was entered into in January 2016 with various lenders, including:
Extending the maturity date from December 2020 to March 27, 2023;
Extending the availability period from January 2019 to March 27, 2021;
Increasing the advance rate from 65% of the borrowing base to 68%;
Permitting the borrower to increase total loan commitments available by $290 million to $600 million and to increase the total letter of credit facility commitments by $13 million to $20 million.
The foregoing description of the Amended Credit Agreement is qualified in its entirety by reference to the full text of the Amended Credit Agreement, a copy of which the Company plans to file as an exhibit to its Quarterly Report on Form 10-Q for the quarter ending March 31, 2018. The original credit facility referred to above was filed on May 13, 2016 as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending March 31, 2016.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
/s/ Mina Kim
Date: March 29, 2018