SunEdison (SUNE) PT Raised to $36 at Needham & Company

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SunEdison Announces $403 Million in Private Placements for TerraForm Global

June 16, 2015 8:00 AM EDT

MARYLAND HEIGHTS, Mo., June 16, 2015 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, today announced that it completed a $335 million private placement of membership interests in TerraForm Global, LLC., an indirect subsidiary of SunEdison formed to own and operate contracted clean power generation assets in emerging markets. Additionally, TerraForm Global, Inc., an indirect subsidiary of SunEdison, entered into a stock purchase agreement for the sale of $67.5 million of its Class A common stock in a private placement, conditioned upon the closing of its initial public offering. The private... More