Deutsche Bank Amends Tesla Facility to Support SolarCity Buy

Tesla Motors has purchased SolarCity, creating a vertically integrated sustainable energy company. Deutsche Bank agented an amendment to Tesla’s credit agreement to support the $2.6 billion transaction.

BofA Agents Amended SolarCity Revolver

SolarCity entered into an amendment to a revolving credit facility, with Bank of America as administrative agent. The amendment increased total lender commitments to $690 million.

BofA, SolarCity Close Second Financing Within Investment Program

SolarCity has closed the second financing within its renewable energy tax equity investment program with Bank of America Merrill Lynch and another investor.

Credit Suisse Agents $150MM Facility for SolarCity

SolarCity closed a new $150 million non-recourse financing facility with Credit Suisse to support deployment of commercial solar energy systems.

BofA Merrill Lynch Arranges $160MM Term Financing for SolarCity

SolarCity has closed a $160 million term facility. BofA Merrill Lynch served as mandated lead arranger and sole bookrunner. KeyBank and Silicon Valley Bank served as joint lead arrangers.

Capital One Bank Invests $100MM to Provide Solar Power

Capital One Bank announced it has partnered with SolarCity to create an investment fund to finance thousands of residential solar power systems. Capital One Bank is participating in the form of a $100 million investment.

BofA Leads $200MM SolarCity Facility

SolarCity announced it increased the size of its corporate revolver to $200 million. Bank of America Merrill Lynch is the sole lead arranger and sole bookrunner, with an additional five participating lenders.