Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

Note 16. Subsequent Events

In July 2016, a subsidiary of the Company entered into a secured credit agreement with a lender for up to $33.0 million in committed facilities. The interest rate on the initial draw was 6.79%. The facility is non-recourse to the Company and is secured by the net cash flows from the generation of contracted and uncontracted solar renewable energy credits (“SRECs”) by certain subsidiaries. The facility contains customary covenants including the requirement to provide lender reporting. The credit facility also contains certain provisions in the event of default which entitles the lender to take certain actions including acceleration of amounts due under the facilities.

In July 2016, the Company entered into an amendment to increase the syndicated working capital facility by an incremental $5.0 million, for a total commitment of $250.0 million.