Vivint Solar Nets $540M In Financing For Expansion Plans

Law360, New York (October 18, 2013, 1:35 PM EDT) -- Vivint Solar, the home solar power provider owned by security firm Vivint Inc., raised $540 million in financing for its projects, the company announced Friday.

The company also raised $200 million in August, shortly before The Blackstone Group LP acquired Vivint in September. Vivint, which posted $350 million in revenue last year, makes alarms and monitoring systems and has expanded into rooftop solar power and energy-efficiency systems that help homeowners cut heating and cooling costs.

The parent is the largest home security company in the U.S....
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