SolarCity Raises $113M From Silver Lake, Others
San Mateo-based solar power financing and installer SolarCity said today that it has raised $113M in a strategic investment round, which came via Silver Lake Kraftwerk. Silver Lake Kraftwerk is investing $100M in SolarCity's Zero Coupon Convertible Senior Notes, with SolarCity's Elon Musk investing $10M, and CEO Lyndon Rive contributing $3M to the convertible debt. The companies said that Silver Lake Kraftwerk's investment is almost quadruple the size of its initial investment in SolarCity back in 2012.
posted on Wednesday, November 18, 2015
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