SunEdison (SUNE) Prices $725M Second Lien Secured Term Loans, Enters Exchange Agreements

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SunEdison Announces Pricing of $725 Million of Second Lien Secured Term Loans and entry into Exchange Transactions, Resulting in $738 Million Reduction of Debt

January 7, 2016 6:50 AM EST

MARYLAND HEIGHTS, Mo., Jan. 7, 2016 /PRNewswire/ -- SunEdison, Inc. (the "Company") (NYSE: SUNE) announced today the pricing of $725 million of Second Lien Secured Term Loans (the "Second Lien Facilities") and also that it has entered into a series of exchange agreements with certain holders (the "holders") of its Convertible Senior Notes due 2018, 2020, 2022 and 2025 and its Perpetual Convertible Preferred Stock (the "2018 Notes," "2020 Notes," "2022 Notes," "2025 Notes," and "Preferred Stock," respectively), under which such holders have agreed with the Company to certain exchange transactions as described below ("the Exchange Transactions").  The Exchange Transactions and... More