By Angela McDaniels
Tacoma, Wash., June 10 – SolarCity Corp. is offering up to $90 million of 4.4% solar bonds, series 2016/11-1, due 2017 and up to $5 million of 5.25% solar bonds, series 2016/12-5, due 2021, according to an 8-K filing with the Securities and Exchange Commission.
The company anticipates that Space Exploration Technologies Corp. will purchase about $75 million of the series 2016/11-1 solar bonds. Elon Musk, the chairman of SolarCity’s board of directors, is the chief executive officer, chief designer, chairman and a significant stockholder of Space Exploration Technologies.
SolarCity is a San Mateo, Calif., provider of clean energy.
| Issuer: | SolarCity Corp.
|
| Issue: | Solar bonds
|
| Amount: | Up to $95 million
|
| Pricing date: | June 10
|
|
|
| Series 2016/11-1
|
| Amount: | Up to $90 million
|
| Maturity: | June 10, 2017
|
| Coupon: | 4.4%
|
| Purchaser: | Space Exploration Technologies Corp. (for about $75 million)
|
|
|
| Series 2016/12-5
|
| Amount: | Up to $5 million
|
| Coupon: | 5.25%
|
| Maturity: | June 10, 2021
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
