"This transaction represents an evolution of how we finance our working capital needs and replaces our current working capital facility which matures next March. The innovative structure best addresses the working capital needs of our rapidly-growing business while also providing critical funding for the purchase of safe harbor equipment at attractive borrowing rates" said Vivint Solar's Chief Commercial Officer and Head of Capital Markets, Thomas Plagemann. "We believe this facility, in addition to the other safe harbor strategies announced previously, will enable the company to preserve the 30% ITC well into 2021." The lenders include affiliates of Bank of America Securities (NYSE: BAC ) and Credit Suisse (NYSE: CS ). Vivint Solar operates in 22 states and has raised more than $4.9 billion in cash equity, tax equity, and debt since its inception in 2011.