- TerraForm (NASDAQ:TERP) has filed to sell ~14% of its outstanding shares on behalf of a slew of institutional investors. (prospectus)
- The potential sellers include Riverstone (5.8M shares), Omega Advisors (1.3M shares), Glenview Capital (1.7M), Zimmer Partners (1.3M), and BlackRock (1.2M).
- TERP -0.7% AH to $34.06. Earlier today, the SunEdison solar YieldCo filed its 2014 10-K.
- Update: A TerraForm spokesman states the filing simply aims to make the shares listed in the filing "liquid and tradeable" - they're tied to a November PIPE transaction and Class B1 shares owned by Riverstone - and that the mentioned investors aren't planning to sell their shares in a single transaction. He adds the filing acts as an amendment to a prior registration statement, one that was issued to add year-end financials.