Solar firms Sunnova and Sunrun shed light on exposure to Silicon Valley Bank

Sunrun stated SVB was one of the lenders in two of its credit facilities, but said it was less than 15% of its total hedging facilities and does not anticipate significant exposure.

Sunrun has cash deposits with SVB totaling nearly $80 million, while SVB's undrawn commitment in the non-recourse senior aggregation warehouse facility is about $40 million. Sunnova also views its exposure to SVB as negligible since it does not hold cash deposits or securities with the financial group. However, one of its subsidiaries is part of a credit facility where SVB serves as a lender.

SVB has unfunded commitments of $15 million under the Back-Leverage Facility, which is one of three warehouse facilities currently entered into by Sunnova's subsidiaries, with a total commitment of $1.35 billion.

Fk em both allthwaytochina

In other news, three letter acronyms blamed for financial woes in US. SBF and SVB lead the way. Story at 11 storyat11

No bail outs

Hold on to your butts here's where the ride begins

This headline is too punny for Reuters.

Ceo sold all Shares while People demanded their money

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