Filed by Vivint Solar, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company:
Vivint Solar, Inc.
(SEC File No.: 001-36642)
Date: July 7, 2020
The following
communication was made by Vivint Solar, Inc. beginning on July 7, 2020.
Subject: Company Update: Sunrun To Acquire Vivint
Solar
Audience: All Furloughed Employees
From: Jeremy Sabin
Vivint Solar Employees,
We are excited to announce that
we reached an agreement today with Sunrun, the nations leading home solar, battery storage and energy services company, to acquire Vivint Solar. This is a transformational opportunity to bring cleaner, more affordable energy to more homes and
accelerate our mission to bring clean energy solutions to every home. The combined company will enable us to use shared knowledge to create better, more affordable products and services for our customers.
We understand you may have questions about your return to work and how this announcement impacts you. We expect the deal to close during the fourth quarter of
2020, but the timing could change, as closing the deal is subject to approval of Vivint Solar and Sunrun stockholders, regulatory approvals and other customary closing conditions. During this time, the two companies will continue to operate as
separate entities until the deal closes and will continue business-as-usual.
As stated in previous communications, we are working closely with your managers to evaluate return to work options and commit to having solid decisions by
July 24, 2020. Please refer to the email received on July 2, 2020, titled Vivint Solar Furlough Update & Benefits Notice for additional information.
We will continue to provide updates on both your employment status and the acquisition as new information is available. Please do not hesitate to contact us
with any questions, comments, or concerns at HRsolar@vivintsolar.com
If you have not had the opportunity to do so, please read through our press release
that was issued today. The most important details of this announcement are as follows:
Until closing, it will be business as usual and the two
companies will remain separate, independent entities. Once the acquisition is completed, Vivint Solar will begin doing business as Sunrun. Sunrun will be welcoming Vivint Solars nearly 200,000 customers into the Sunrun family, with nearly
half of a million customers as a combined company. Lynn Jurich will continue as the CEO of Sunrun, David Bywater will lead the integration teams and will also be part of Sunruns Board of Directors.
Our current customers will continue to receive the same great products and services we offer today. Nothing changes for our customers. After the deal
closes, we believe the combined knowledge and best practices of our two industry-leading companies will allow for a better customer experience, from the sale to installation processes to any ongoing service needs.