Sunrun inc. announces pricing of offering of $350 million of convertible senior notes with 50% conversion premium

San francisco, jan. 26, 2021 (globe newswire) -- sunrun inc. (nasdaq: run) (“sunrun”) today announced the pricing of $350 million aggregate principal amount of 0% convertible senior notes due 2026 (the “notes”) in a private placement to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). sunrun also granted the initial purchasers of the notes the option to purchase up to an additional $50 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes are first issued. the sale of the notes is expected to close on january 28, 2021, subject to customary closing conditions.
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