On September 30, 2020 Vivint Solar, Inc.’s wholly-owned subsidiary, Vivint Solar Financing VII, LLC completed an issuance of Solar Asset Backed Notes. Vivint Solar Financing VII issued an aggregate principal amount of $217,000,000 of Solar Asset Backed Notes, Series 2020-1, Class A and an aggregate principal amount of $29,500,000 of Solar Asset Backed Notes, Series 2020-1, Class B. The 2020-1 Class A Notes bear interest at a rate of 2.21% and have an anticipated repayment date of January 30, 2029. The 2020-1 Class B Notes bear interest at a rate of 3.22% and have an anticipated repayment date of January 30, 2029. The 2020-1 Notes may only be acquired by persons who are either (i) qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, or (ii) not U.S. Persons in offshore transactions in reliance on Regulation S. The 2020-1 Class A Notes have been rated A- (sf) and the 2020-1 Class B Notes have been rated BBB (sf), in each case by Kroll Bond Rating Agency, Inc.