SolarCity announced some good news on their efforts to rap up parts of their business, sell them off as Securities and roll the money forward.
Street Insider has the story. They frame it as good news for SunPower and I suppose it is. Beating the rate you expected by 2% over a 13 year period is a pretty strong indication that your credit is good. So Congrats to SolarCity. I'm going to let them off the hook on predicting because it is a new market and until a match is found, it is just guess-work...
I'm foggy on how those instruments wrap up at the end. Who owns what. The security holders have their money back with the interest. I guess the contract for Power Purchase is still in play so the income still flows to SolarCity and there is no more debt to service... Maybe they can do it again?
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