![]() He will work closely with Mosaic’s clients throughout the solar ecosystem including OEMs, distributors, installers, sales organizations, and SAAS platforms. As General Manager of Solar and Storage, Bumgarner will manage Mosaic’s solar sales and business development units and will collaborate with marketing, customer experience and product development to deliver top-notch service to Mosaic’s solar partners. Mosaic also added a key leader to its growing team – John Bumgarner, reporting to Patrick Moore, President and COO. The bonds are compliant with Green Bond principles, according to Sustainalytics US, Inc. Deutsche Bank was the structuring agent and bookrunner for Mosaic 2021-3, and Royal Bank of Canada and BNP Paribas were joint bookrunners. The Mosaic Solar Loans 2021-3 transaction (“Mosaic 2021-3”) closed on Septemand consisted of four classes of notes rated by Kroll Bond Rating Agency from “AA-” to “BB-” with weighted average lives ranging from 3.0 to 5.7 years. “This low cost of funds will benefit our partners and homeowners as we continue to support delivery of affordable financing options to our customers,” added Parish. This is the second, sub 2 percent yield transaction in succession, following the success of Mosaic’s $191 million deal in June. The transaction priced at both Mosaic and industry record tight spreads, with a weighted average cost of 1.94 percent, despite pricing during one of the more competitive weeks in the market during the past few years. “This success reinforces our competitiveness in low cost of funds and, with investor appetite for green bonds, helps us advance our vision of 100% clean energy for all.” “The capital markets continue to value Mosaic’s high quality standards and consistent performance, evident in our latest securitization,” said Billy Parish, Founder and CEO, Mosaic. At $221 million, the securitization included 21 unique investors and set another industry record for low cost of funds on bonds. residential solar and energy-efficient home improvements, today announced the close of its 11th solar loan securitization. Oakland, Calif., OctoMosaic, a leading financing platform for U.S. Expands Executive Bench Strength with Addition of Industry Veteran to Lead Solar and Storage Team
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