SunEdison (SUNE) Warehouse Facility Addresses Liquidity Concerns, Baird Says
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August 17, 2015 5:33 PM EDT
MARYLAND HEIGHTS, Mo., Aug. 17, 2015 /PRNewswire/ -- SunEdison, Inc. (the "Company") (NYSE: SUNE), announced today that it intends to file a prospectus supplement to a registration statement filed on Form S-3 with the U.S. Securities and Exchange Commission ("SEC"), relating to a proposed underwritten public offering of shares of perpetual convertible preferred stock, par value $0.01 per share (the "Perpetual Convertible Preferred Stock"). The Company will be offering 500,000 shares of its Perpetual Convertible Preferred Stock.
The Company intends to use the net proceeds from this offering for general corporate purposes, including funding... More
August 17, 2015 4:08 PM EDT
MARYLAND HEIGHTS, Mo., Aug. 17, 2015 /PRNewswire/ --Â SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, and West Street Infrastructure Partners III ("WSIP") and affiliates, today announced the formation of a new $1 billion warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants, will have an exclusive call right over the warehoused assets.
The WSIP Warehouse is a $1 billion investment vehicle with $300 million... More
