"The latest ABS transaction was priced at a credit spread of 195 basis points, a 37.5 basis point improvement from Sunrun's most recent privately placed senior securitization in February and 45 basis points lower than Sunrun's securitization in September 2023. The latest execution represents the lowest spread achieved for similarly rated transactions across the sector since 2021, a testament to Sunrun's strong track record." The securitization was issued with a single class of notes that are A rated by Kroll with a principal amount of $230 million, a weighted average life of 7 years and final maturity of February 1, 2055. As the portfolio has a remaining contractual life of 13.25 years and the vast majority of the portfolio has already reached the tax equity fund 'flip point', the structure was issued without an Anticipated Repayment Date (ARD) and instead fully amortizes over the contractual life at a fixed interest rate.