SCTY,...SolarCity selling $123.5M worth of solar asset-backed notes
Continuing its heady financing pace, SolarCity is selling $123.5M worth of solar asset-backed notes due Feb. 2022.
The company had $312M in solar asset-backed notes on the books at the end of Q1, to go with $576M in cash/short-term investments, $479M in long-term debt, $100M in solar bonds, and $796M in convertible debt. Q2 results arrive Wednesday afternoon.
invest at your own risk, based on your own due diligence, at your own risk tolerance