SunEdison Announces $403 Million in Private Placements for TerraForm Global

MARYLAND HEIGHTS – SunEdison, Inc., the world’s largest renewable energy development company, today announced that it completed a $335 million private placement of membership interests in TerraForm Global, LLC., an indirect subsidiary of SunEdison formed to own and operate contracted clean power generation assets in emerging markets. Additionally, TerraForm Global, Inc., an indirect subsidiary of SunEdison, entered into a stock purchase agreement for the sale of $67.5 million of its Class A common stock in a private placement, conditioned upon the closing of its initial public offering.

The private placements were entered into with institutional investors, including Baron Funds, Capricorn Investment Group, GE, Glenview Capital Management, Kingdon Capital Management and Zimmer Partners. These investments are in addition to the $175 million of private placements announced on May 7.

The membership interests and Class A common stock have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

 

Oil and Gas CompaniesOil and Gas NewsSunEdison EnergySunEdison NewsTerraForm Global
Comments (0)
Add Comment
akhras.net ajoz.org livbutler.com bmyanmar.com zirity.com dactins.com