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EON Resources Inc. Announces Newly Appointed Independent Director - Kyle Bulpitt
Accessnewswire· 2026-01-27 11:30
Core Viewpoint - EON Resources Inc. has appointed Kyle Bulpitt as an independent director to replace Byron Blount, who retired at the end of 2025, bringing significant experience in oil and gas, mergers and acquisitions, and innovative financing to the board [1][2]. Company Overview - EON Resources Inc. is an independent upstream energy company with 20,000 leasehold acres in the Permian Basin, producing over 1,000 barrels of oil per day from 750 wells [1]. - The company focuses on maximizing shareholder returns through the development of onshore oil and natural gas properties and aims to build its portfolio through acquisitions and selective development [6]. New Director's Background - Kyle Bulpitt, age 33, is a petroleum engineer with extensive experience in financial analysis, acquisitions, and divestitures, as well as financial modeling and petroleum reserves analysis [2][4]. - He is currently the Executive Vice President for Corporate Development at Aethel Energy, overseeing acquisition and divestiture activities [3]. - Prior to Aethel, Bulpitt worked with various investment firms and served as a reservoir engineer at ConocoPhillips, where he conducted resource assessments and long-range planning [4]. Board Comments - The company's leadership expressed confidence in Bulpitt's ability to contribute to the next stage of financing and acquisitions, highlighting his strong background and experience [2]. - Byron Blount was acknowledged for his invaluable contributions to the board since the company's inception and will remain an investor and owner of EON stock [2].
Sunrun Prices $431 million Senior Securitization of Residential Solar Systems
Globenewswire· 2025-07-18 23:41
Core Viewpoint - Sunrun has successfully priced its 14th public securitization of leases and power purchase agreements, marking its third issuance in 2025, which reflects the company's strong asset performance and market confidence [1][2]. Group 1: Securitization Details - The third securitization transaction of 2025 involves refinancing a seasoned pool of residential solar assets, with strong execution acknowledged by the CFO [2]. - The transaction includes two classes of A- rated notes (Class A-1 and Class A-2) and one class of BB- rated notes (Class B), with the Class A-1 Notes totaling $331 million and Class A-2 Notes totaling $100 million [2][3]. - Class A Notes carry a coupon of 6.15%, with Class A-1 Notes being oversubscribed and priced at a spread of 240 basis points, yielding 6.374% [2]. Group 2: Asset and Portfolio Information - The securitization is backed by a diversified portfolio of 63,318 solar systems across 12 states and Washington D.C., covering 40 utility service territories [3]. - The weighted average customer FICO score for the portfolio is 757, indicating a strong credit quality of the customer base [3]. Group 3: Transaction Timeline and Partners - The transaction is expected to close by July 30, 2025, with Bank of America serving as the sole structuring agent and joint bookrunner alongside Citigroup, Keybanc, and Truist [3].