Sammons Renewable Energy Leads $241 Million Solar Cash Equity Transaction

with SolarCity
SolarCity (SCTY) completes cash equity transaction with Sammons Renewable Energy. Sammons
Renewable Energy announced the transaction, describing the investment in a SolarCity portfolio
including 26,000 home residential systems and 19 commercial and industrial solar projects.
Dallas, TX, December 21, 2016 --(PR.com)-- Sammons Renewable Energy (SRE), a Sammons
Enterprises, Inc. company, announced today that it led the equity portion of a $241 million cash equity
transaction with SolarCity (SCTY). Franklin Park Investments manages SRE. As part of the deal, SRE is
investing in a portfolio of solar projects in 16 states, including 26,000 home residential systems and 19
commercial and industrial solar projects. The financing is non-recourse to SolarCity.
Solar City represents the caliber of company Sammons Renewable Energy looks to partner with, said
Heather Kreager, Chief Executive Officer of Sammons Enterprises, the parent company of Sammons
Renewable Energy. As Sammons Renewable Energy continues to grow in the renewable energy market,
we will pursue partners that have the potential demonstrated by SolarCity in its ten-year history.
We are pleased to close this transaction with SolarCity and look forward to additional investments in the
North American renewable energy market, commented Tom Tribone, the Chief Executive Officer of
Franklin Park, SRE's management partner. Our objective is to partner with strong development
companies and to acquire solar, wind and hydroelectric projects either at commencement of construction
or project completion.
Alfa Business Advisers provided tax equity advice to Franklin Park and Orrick, Herrington & Sutcliffe
provided legal advice to Franklin Park.
The transaction was completed December 16, 2016.
About Sammons Renewable Energy
Sammons Renewable Energy invests in renewable energy projects in the U.S., Canada, and Mexico. The
company identifies solar, wind and hydro-related development opportunities over a minimum threshold
of $40 million in value. Sammons Renewable Energy is a wholly owned subsidiary of Sammons
Enterprises, Inc. Sammons Renewable Energy is managed by Franklin Park Investments.
About Sammons Enterprises
Sammons Enterprises, Inc. is a diverse holding company composed of financial services, industrial
equipment, real estate investment, and infrastructure businesses operating in three countries.
Headquartered in Dallas, Texas (US), Sammons was established in 1938. With more than $5 billion in
annual revenues and $75 billion in assets, it is one of the largest privately held companies in the U.S. For
more information, visit www.sammonsenterprises.com.
Sammons Contact
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Name: Christine Anderson

Phone: 214-210-5064
Email: canderson@sammonscorp.com
About Franklin Park
Franklin Park Investments, http://www.franklinparkinvestments.com, provides energy and infrastructure
services in major global markets, including North and South America, Europe and Asia. Franklin Park's
activities include conventional and renewable electricity generation, electric distribution, rail and road
transport and supply chain logistics. Franklin Park manages SRE, with an investment focus on wind, solar
and hydroelectric generation in North America.
Franklin Park Contact
Name: Kevin Lapidus
Phone: 301-500-8660
Email: kevin.lapidus@frpark.com
About Alfa Business Advisers
Alfa Business Advisors, LLC, www.alfaba.com, assists project developers, investors and lenders with the
purchase and sale, financing and tax equity structuring of power generation assets.
Alfa Contact
Name: Vadim Ovchinnikov
Phone: 703-589-5111
Email: vadim@alfaba.com

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Contact Information:
Franklin Park Investments
Kevin Lapidus
301-500-8660
Contact via Email
www.franklinparkinvestments.com

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/699542

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