Solar Asset Backed Notes!

My love, hate, story with Solar City continues as the company announces pricing of securitization on Solar ABN. With a 4.8% interest rate and a maturity date set for 2026, SCTY is seeking to raise 54mm through contractual leases on their solar pannels. Now, all leases are been said to only be granted to supurb clients with outstanding credit history.

What I want to ask the field doesn’t relate to investing in said SABN but rather how much of an impact can 54mm securitized leases effect scty.