Mosaic gets $250 million facility for solar loans via Deutsche Bank

By Susanna Moon

Chicago, Nov. 21 – Mosaic closed a $250 million warehouse facility with Deutsche Bank as the arranger and administrative agent.

This brings Mosaic's new loan funding capacity to $550 million, according to a company announcement.

Mosaic said it recently upsized its existing warehouse facility and a forward-flow whole loan sale arrangement.

The warehouse facility follows an equity financing round of up to $220 million led by Warburg Pincus in August and a $200 million warehouse facility lead by Germany's DZ Bank in April.

“More and more homeowners are looking for an effective path to energy savings,” Billy Parish, founder and chief executive officer at Mosaic, said in the press release. “The credit facility with Deutsche Bank provides meaningful capacity to fund the growing demand for residential solar projects.”

Mosaic provides solar energy financing and is based in Oakland, Calif.

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