Sunlight Financial Acquired by Solar Industry Investors, Lender

Sunlight Financial says that it will be acquired by a consortium of investors in the solar energy industry, including an affiliate of Greenbacker Capital Management, Sunstone Credit, IGS Ventures, and its lender Cross River Bank, according to a press statement.

• Has also entered into a Restructuring Support Agreement
• Operations will continue without interruptions
• Consortium will invest significant new capital into the co.
  • Consortium to work with existing management on residential solar and home improvement finance solutions
• Loans will continue to be originated and funded in the ordinary course of business through co. partnership with Cross River Bank
  • Acquisition to ...