Sunrun Inc. Files 8-K on Material Agreement

TL;DR

Sunrun signed a big deal, filing an 8-K. Details TBD.

AI Summary

On July 31, 2024, Sunrun Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes information on the company's results of operations and financial condition, along with financial statements and exhibits. Specific details regarding the material definitive agreement, financial results, or exhibits are not provided in this excerpt.

Why It Matters

This filing indicates Sunrun has entered into a significant agreement, which could impact its future operations and financial performance. Investors should monitor for further details on the nature and implications of this agreement.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant implications for the company, but the specific nature of the agreement is not detailed in the provided text.

Key Players & Entities

• Sunrun Inc. (company) — Registrant
• July 31, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 600 California Street, Suite 1800 (address) — Principal Executive Offices
• San Francisco, California 94108 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value per share RUN Nasdaq Global S
• $2,630,000,000 — the Credit Facility has commitments of $2,630,000,000. In connection with the exercise of th

Filing Documents

• run-20240731.htm (8-K) — 28KB
• ex101-conformedlunaseniorc.htm (EX-10.1) — 1726KB
• exhibit991q224.htm (EX-99.1) — 267KB
• sunrunlogo2.jpg (GRAPHIC) — 18KB
• 0001469367-24-000144.txt ( ) — 2499KB
• run-20240731.xsd (EX-101.SCH) — 2KB
• run-20240731_def.xml (EX-101.DEF) — 16KB
• run-20240731_lab.xml (EX-101.LAB) — 27KB
• run-20240731_pre.xml (EX-101.PRE) — 16KB
• run-20240731_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On August 6, 2024, Sunrun Inc. (the "Company") issued a press release announcing its financial results for the quarter ended June 30, 2024. In the press release, the Company also announced that it would be holding a conference call on August 6, 2024 to discuss its financial results for the quarter ended June 30, 2024. The full text of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information set forth in this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On July 31, 2024, a wholly owned subsidiary of the Company exercised an accordion under a syndicated, senior secured credit facility which was entered into with various lenders on April 20, 2021 and was last amended on February 16, 2024 (as amended, the "Credit Facility"). The Credit Facility was filed on February 16, 2024 as Exhibit 10.29 to the Company's Annual Report on Form 10-K for the annual period ended December 31, 2023. After giving effect to the exercise of accordion, the Credit Facility has commitments of $2,630,000,000. In connection with the exercise of the accordion, the Credit Facility was amended to reflect the increase in the commitments and otherwise remains unchanged. The foregoing description of the accordion exercise and related amendment is qualified in its entirety by reference to the full text of the conformed Credit Facility reflecting such amendment, a copy of which is filed herewith.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1^ Credit Agreement, dated as of April 20, 2021, by and among Sunrun Luna Portfolio 2021, LLC, as Borrower, Atlas Securitized Products Holdings, L.P., as Administrative Agent, Wells Fargo Bank, National Association, as Collateral Agent and Paying Agent, and the Lenders and Funding Agents party thereto from time to time, as amended by the Amendment to the Credit Agreement, dated as of May 5, 2021, the Second Amendment to Credit Agreement, dated as of October 8, 2021, the Third Amendment to Credit Agreement, dated as of March 23, 2022, Fourth Amendment to Credit Agreement and First Amendment to Amended and Restated Custodial Agreement, dated as of May 10, 2023, the Fifth Amendment to Credit Agreement and First Amendment to Transaction Management Agreement, dated as of December 27, 2023, the Sixth Amendment to the Credit Agreement, dated as of February 16, 2024, and the Seventh Amendment to the Credit Agreement, dated as of July 31, 2024. 99.1 Press release issued by Sunrun Inc. dated August 6, 2024. 104 Cover Page Interactive Data File (embedded within the inline XRBL document). ^ Portions of this exhibit have been omitted from the exhibit because they are both not material and would be competitively harmful if publicly disclosed.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SUNRUN INC. By: /s/ Jeanna Steele Jeanna Steele Chief Legal Officer and Chief People Officer Date: August 6, 2024

View Full Filing

View this 8-K filing on SEC EDGAR