The company helps more than 1 million people prosper thanks to clean energy

complete $244 million solar loan securitization

OAKLAND, Calif., September 15, 2022 /PRNewswire/ — Mosaica leading financing platform for residential solar and energy efficiency home improvements in the US, announced today that it has passed $9 billion in loans financed through its platform. The company continues to experience significant growth, outperforming $8 billion in loans financed just eight weeks ago.

“The need for clean energy and sustainable home improvements has never been greater,” he said. Billy’s Parish, founder and CEO of Mosaic. “Just last week, millions of people were under excessive heat warnings, putting pressure on power grids in multiple states. Our partners and the industry play a critical role in helping homeowners make their homes more efficient.” and energy resilient.There are many opportunities to not only prevent the worst impacts of climate change, but also support an adaptable and modern grid through the adoption of solar panels, storage batteries and high-efficiency appliances. now, the Reducing Inflation Act will make it even easier for people to choose these options.”

Mosaic passed another significant milestone in September: helping more than 1 million people prosper with clean energy. By making financing affordable and accessible, the company has helped more than one million Mosaic homeowners, contract partners, equipment vendors and employees and their families.

“We started Mosaic to empower as many homeowners as possible to own their own clean energy,” said Parish. “We know that the more people who benefit financially from the clean energy transition, the faster the adoption will be. Thank you to all of our customers, partners, investors and teammates who have made this possible. We are just getting started!”

Mosaic Closes Second 2022 Solar Loan Securitization

The company also recently closed its 13th solar loan asset-backed securitization, which is more than any other solar loan issuer in the space. A $244 millionthis is the second securitization Mosaic has closed in calendar year 2022.

The Mosaic Solar Loans 2022-2 (“Mosaic 2022-2”) transaction priced at August 5, 2022, and consisted of four classes of notes rated by bond rating agencies Kroll and Fitch from “AA-/AA-” to “BB-/BB” with weighted average lives ranging from 2.86 to 5.28 years. Deutsche Bank was the structuring agent and bookrunner for Mosaic 2022-2, BNP Paribas was the joint bookrunner with Royal Bank of Canada and Société Générale as co-managers. The bonds comply with Green Bond principles, according to Sustainalytics US, Inc.

About Mosaic

Mosaic makes financing for solar energy storage systems, solar plus and other sustainable home improvements accessible and affordable for homeowners by providing a quick and easy way to apply for financing options. Customers learn about Mosaic from approved solar installers and home improvement contractors, as well as other ecosystem partners, and can get a credit decision in minutes for no down payment loans with fixed rates and multiple loan options. term. Financing requested and processed through the Mosaic platform is originated by Solar Mosaic LLC or one of its lending/financing partners. For our network of thousands of solar installers and home improvement contractors, Mosaic provides a streamlined financing platform to drive sales growth. Since 2012, Mosaic has helped more than 275,000 households switch to sustainable home improvements with its financing products.

Media Contact:

Susana Kalnes
[email protected]

SOURCE Mosaic

About The Author

Related Posts