Sunrun inc. announces pricing of offering of $475 million of convertible senior notes

San francisco, feb. 23, 2024 (globe newswire) -- sunrun inc. (nasdaq: run) (“sunrun”) today announced the pricing of $475 million aggregate principal amount of 4.00% convertible senior notes due 2030 (the “notes”) in a private placement to persons reasonably believed to be 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 $75 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 notes will be issued at an offering price of 99.75%. the sale of the notes is expected to close on february 27, 2024, subject to customary closing conditions.
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