Dividend Solar to merge with Figtree Financing

Dividend Solar Inc said June 23 it was merging with Figtree Financing. Financial terms weren’t announced but the deal includes a $200 million commitment from LL Funds. Figtree provides Property Assessed Clean Energy (PACE) financing for energy efficiency improvements, including solar energy. Figtree raised $30 million in financing in March led by LL Funds. Dividend Solar is a residential solar lender. Bryant Park Capital acted as financial advisor to Dividend Solar.

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