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Sunrun Amends Credit Agreement, Extends Maturity to 2028

Story Highlights
  • Sunrun extended its key credit facility to 2028 while resizing commitments to align with current usage and planned prepayments.
  • The amendment tightens financial covenants, boosts letter-of-credit capacity, and confirms Sunrun’s continued compliance with debt terms.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sunrun Amends Credit Agreement, Extends Maturity to 2028

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The latest update is out from Sunrun ( (RUN) ).

On December 31, 2025, Sunrun Inc. amended its existing Credit Agreement with KeyBank and other lenders, extending the facility’s maturity date by one year to March 1, 2028, while reducing total commitments to about $321.4 million, roughly matching current utilization, and allowing further step-downs to no less than $150 million as principal is prepaid under cash-sweep provisions introduced earlier in 2024. The amendment also raises the letter of credit sublimit from $100 million to $150 million, tightens financial discipline by gradually increasing quarter-end liquidity requirements up to 20% of amounts utilized and lowering the maximum modified leverage ratio to 5.0x, and confirms that Sunrun was in compliance with all existing and modified covenants as of September 30, 2025, signaling maintained lender support and a more conservative capital structure as it manages leverage and liquidity in its financing strategy.

The most recent analyst rating on (RUN) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Sunrun stock, see the RUN Stock Forecast page.

Spark’s Take on RUN Stock

According to Spark, TipRanks’ AI Analyst, RUN is a Neutral.

Sunrun’s overall stock score is primarily impacted by its significant financial challenges, including high leverage and negative profitability. While the earnings call highlights strong operational performance and strategic initiatives, these are overshadowed by the financial risks. Technical analysis and valuation also present concerns, though the corporate event of appointing a new board member is a positive note.

To see Spark’s full report on RUN stock, click here.

More about Sunrun

Sunrun Inc. operates in the residential solar energy and home electrification industry, providing solar power systems and related financing solutions to homeowners in the United States. The company relies on access to credit facilities and capital markets to fund system installations, manage working capital, and support its long-term growth in distributed clean energy.

Average Trading Volume: 7,518,925

Technical Sentiment Signal: Buy

Current Market Cap: $4.25B

See more data about RUN stock on TipRanks’ Stock Analysis page.

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