SolarCity Corp (SCTY) Seeks Buyer For $54.4 Million Of Asset-Backed Notes

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SolarCity Corp (NASDAQ:SCTY) is currently seeking a buyer for $54.4 million in asset-back notes in a private placement.  The notes have a scheduled maturity date of December 2026 and is secured by a pool of solar systems, related leases, power-purchase agreements, and other rights.  Based in San Mateo, California, SolarCity is the second largest U.S. solar company after First Solar Inc.

[Source: BusinessWeek]

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