BRIEF-Oneroof to refinance 12.1 MW sponsor equity position

Wed Aug 10, 2016 8:17am EDT
 
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Aug 10 (Reuters) - Oneroof Energy Group Inc :

* Oneroof Energy announces refinancing of 12.1 mw sponsor equity position

* Transaction through issuance of preferred membership interest in portfolio's special purpose vehicle to greenbacker residential solar

* Transaction was for an aggregate purchase price of usd$19.8 million

* Co will retain residual interest in special purpose vehicle,continue to perform general operation,maintenance functions for portfolio

* Under terms of transaction, greenbacker was appointed managing member of SPV Source text for Eikon: Further company coverage: