Abengoa sells and SolarCity securitizes



Spanish company Abengoa has reached an agreement with Abengoa Yield to sell a fourth asset package that consists of two solar projects for around $306 million. The assets to be sold are Solaben 1 and 6, two 50MW plants, located in the Extremadura region of Spain. The plants have been in operation since 2013.


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SolarCity Corporation’s subsidiary SolarCity LMC intends to offer in a private placement $123,500,000 aggregate principal amount of Solar Asset Backed Notes, Series 2015-1 with an anticipated repayment date of February 21, 2022. This intend is subject to market and other conditions, says SolarCity. This offering applies only within the U.S. to persons who are qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, and to certain non?U.S. persons in offshore transactions in reliance on Regulation S under such Act.

SolarCity Corporation has stated that the notes will represent solely the obligations of subsidiary SolarCity LMC Series IV, LLC, and will not be insured or guaranteed by SolarCity Corporation or any other affiliate thereof, or by any other person or entity.

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