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TerraForm up 5.5% after hosting call to discuss deal financing

Jul. 27, 2015 12:47 PM ETTerraForm Power, Inc. (TERP) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • TerraForm Power (NASDAQ:TERP) hosted a conference call (webcast) at 8:30AM ET to discuss the company's financing plans for the assets it's acquiring from Vivint Solar and U.S. wind project developer Invenergy.
  • The SunEdison YieldCo had $153M in cash, $78M in restricted cash, and $2.19B in long-term debt and financing lease obligations at the end of Q1. A $599M stock offering was carried out in June.
  • SunEdison's TerraForm Global YieldCo (focused on emerging markets projects) is set to go public later this week under the ticker GLBL.

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