Vivint Solar Announces Pricing Of Initial Public Offering

LEHI, Utah, Sept. 30, 2014 /PRNewswire/ -- Vivint Solar today announced the pricing of its initial public offering of 20,600,000 shares of common stock at a price to the public of $16.00 per share.  In addition, a selling stockholder affiliated with The Blackstone Group L.P. has granted the underwriters a 30-day option to purchase up to an aggregate of an additional 3,090,000 shares. Vivint Solar will not receive any of the proceeds from the sale of shares by the selling stockholder.

Goldman, Sachs & Co., BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the offering.  Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as book-running managers and Blackstone Capital Markets is acting as a co-manager.  Vivint Solar's common stock will trade on the New York Stock Exchange under the symbol "VSLR."

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and declared effective. This offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Goldman, Sachs & Co. by mail at 200 West Street, New York, New York 10282, Attention: Prospectus Department, by calling toll-free (866) 471-2526, or by e-mailing [email protected]; from BofA Merrill Lynch by mail at 222 Broadway, New York, New York 10038, Attention: Prospectus Department, by e-mailing [email protected]; or from Credit Suisse Securities (USA) LLC by mail at One Madison Avenue, New York, New York 10010, Attention: Prospectus Department, by calling toll-free (800) 221-1037 or by emailing [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Vivint Solar

Founded in 2011, Vivint Solar is a leading provider of residential solar energy systems in the United States.  Vivint Solar designs, installs, and maintains cost-effective solar energy systems.  Through a power purchase agreement or solar energy system lease, a homeowner can use the power generated by a solar photovoltaic system and generally realize savings relative to the prevailing electric utility provider rates.  For more information, visit www.vivintsolar.com or follow @VivintSolar.

INVESTOR CONTACT:

Rob Kain, VP of Investor Relations, 801-229-6460, or [email protected]

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SOURCE Vivint Solar

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