Seeking Alpha

MEMC (WFR +3.3%) bounces a little after it's reported the recent sale of a Bulgarian solar...

MEMC (WFR +3.3%) bounces a little after it's reported the recent sale of a Bulgarian solar project by the company's SunEdison subsidiary closed for $220M. That could help the company, whose solar wafer ops have been burning cash, pay down a bit of its $2.1B+ debt load.
From other sites
Comments (1)
  • Jigar Shah
    , contributor
    Comments (117) | Send Message
     
    Their debt load is not even close to $2.1B of recourse debt. Most of that is project level debt that is non-recourse.
    9 Jul 2012, 12:48 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector