TerraForm Power will Schulden mit Millionen-Kredit umstrukturieren
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TerraForm Power Announces Proposed $300 million Secured Term Loan
BETHESDA, Md. -- TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today announced that its indirect subsidiary TerraForm Power Operating, LLC (the “Issuer”), intends to begin marketing a $300 million secured Term Loan B (the “Term Loan”), subject to market conditions and other factors.
The Issuer intends to use the net proceeds of the Term Loan, as well as cash on hand, to repay the balance of its non-recourse portfolio term loan that was entered into in December 2015.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
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 more than US$250 billion of assets under management.
For more information about TerraForm Power, please visit: www.terraformpower.com.