Tesla acquisition target SolarCity raises $345m to fund projects

Tesla acquisition target SolarCity raises $345m to fund projects

A sign is seen at the SolarCity building in Denver February 17, 2015. SolarCity reports earnings after the market closes February 18, 2015. REUTERS/Rick Wilking

SolarCity Corp, which received a takeover bid from Elon Musk’s Tesla Motors in June, said it has raised $345 million in tax equity and also increased its debt facility by $110 million to $760 million.

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