SolarCity Announces Pricing of Securitization

SolarCity(R) (SCTY) today announced the pricing of the offering by its wholly-owned subsidiary, SolarCity LMC Series I, LLC, of $54,425,000 aggregate principal amount of Solar Asset Backed Notes, Series 2013-1 (the \”notes\”). The notes were priced on November 13, 2013 and were offered 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.

via SolarCity Announces Pricing of Securitization – Yahoo Finance.

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