Spruce settles $124 million debt financing for solar power portfolio

By Devika Patel

Knoxville, Tenn., May 4 – Spruce Finance settled a $124 million debt financing, according to a press release.

Proceeds will fund the company’s portfolio of residential solar power purchase agreements and leases with Vantage Infrastructure and Sequoia Economic Infrastructure Income Fund. The funds will also pay off an existing loan on its solar rooftop assets.

Spruce is a San Francisco-based provider of consumer financing for residential solar and home efficiency improvements.

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