TerraForm Power: Rückzahlung der 950-Millionen-Dollar-Anleihe
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TerraForm Power Issues Conditional Call Redemption Notice for its $950 Million Senior Notes due 2023
BETHESDA, Md. -- TerraForm Power, Inc. (Nasdaq:TERP) ("TerraForm Power") today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the "Issuer") has delivered a notice of redemption of all of its outstanding $950 million aggregate principal amount of 5.875% Senior Notes due 2023 (the "2023 Notes"), subject to, and conditioned upon, the closing of its previously announced private offering of $1 billion aggregate principal amount of senior notes (the "Redemption Condition"). The 2023 Notes will, subject to, and conditioned upon, the Redemption Condition, be redeemed in accordance with the indenture governing the 2023 Notes. This press release does not constitute a notice of redemption of the 2023 Notes.
The redemption date for the 2023 Notes provided in the notice of redemption is December 12, 2017 (the "Redemption Date"), provided that the Redemption Date for the 2023 Notes may be extended by the Issuer pending satisfaction of the Redemption Condition. The 2023 Notes will be redeemed at a redemption price that we currently estimate to include a make-whole premium of approximately $51 million in the aggregate, plus accrued and unpaid interest. If the Redemption Condition is not satisfied, the 2023 Notes will not be redeemed and will remain outstanding.
About TerraForm Power
TerraForm Power owns and operates a best-in-class renewable power portfolio of solar and wind assets located primarily in the U.S., totaling more than 2,600 megawatts of installed capacity. TerraForm Power has a mandate to acquire operating solar and wind assets in North America and Western Europe. TerraForm Power is listed on the Nasdaq stock exchange (Nasdaq:TERP). It is sponsored by Brookfield Asset Management, a leading global alternative asset manager with ~US$265 billion of assets under management.
For more information about TerraForm Power, please visit: www.terraformpower.com.
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