Sept. 23 (Bloomberg) — SolarCity Corp., the first U.S.
company to offer bonds backed by rooftop panels, is seeking $500
million in its fourth debt offer in less than a year.
The convertible notes will mature in 2019, San Mateo,
California-based SolarCity said today in a statement. The
company is negotiating the interest rate with initial buyers,
who will have the option to buy an additional $75 million in
notes.
SolarCity raised $201.5 million in July, pricing $160
million in senior debt and $41.5 million in junior notes, after
it sold $70.2 million of bonds in April and $54.5 million in
November.
To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Carlos Caminada, Robin Saponar