- The offering is accompanied by a 4.5M-share overallotment option. If based on SunEdison's (SUNE) AH trading price, proceeds would amount to $237M-$273M (depending on overallotments). (PR) (S-3)
- SunEdison, which is in the midst of spinning off its chip wafer ops through a $250M IPO, only says it will use the proceeds for "general corporate purposes, which it expects to include funding working capital and growth initiatives."
- The company had over $2.6B in debt on its balance sheet at the end of Q2, offset by only $482M in cash. SunEdison has posted thus losses thus far in 2013, but is expected to turn profitable in Q4.
- Earlier: SunEdison obtains financing for 100MW solar plant
From other sites
at CNBC.com (Apr 9, 2015)
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 14, 2015)
at CNBC.com (Jan 12, 2015)
at CNBC.com (Jan 8, 2015)
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