BETHESDA, Md., June 17, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today announced that it has commenced a $500 million underwritten public offering of shares of its Class A common stock. TerraForm Power has also granted the underwriters a 30-day option to purchase additional shares of its Class A common stock. TerraForm Power intends to use the net proceeds from the offering, along with the net proceeds …
TERRAFORM POWER ANNOUNCES PROPOSED $150 MILLION OFFERING OF ADDITIONAL SENIOR NOTES
BETHESDA, Md., June 8, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the “Issuer”), intends to offer, in a private transaction, up to $150 million aggregate principal amount of 5.875% senior notes due 2023 (the “Notes”). The Notes will be issued under the same indenture as the $800 million aggregate principal amount of the Issuer’s 5.875% senior notes due …
TERRAFORM POWER PRICES $150 MILLION OFFERING OF ADDITIONAL SENIOR NOTES
BETHESDA, Md., June 8, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the “Issuer”), priced $150 million aggregate principal amount of 5.875% senior notes due 2023 (the “Notes”) at the initial offering price of 101.50% of the principal amount, plus accrued and unpaid interest from January 28, 2015, in connection with their previously announced private offering exempt …
TERRAFORM POWER ANNOUNCES ACQUISITION OF 23 MW OF SOLAR POWER PLANTS FROM INTEGRYS
48 distributed generation solar power plants in the United States with expected average levered Cash Available for Distribution (“CAFD”) of $5 million annually over the next 10 years Remaining average contract duration of 15 years, average counterparty credit rating of Baa2 Expected levered cash-on-cash return in excess of 9% BETHESDA, Md. , June 4, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP), an owner and operator of …
TERRAFORM POWER, INC. REPORTS FIRST QUARTER 2015 FINANCIAL RESULTS
TerraForm Power Q1 2015 Results Presentation Declares Q1 dividend increase of 20% to $0.325 per share ($1.30 per share on an annualized basis) Increases 2015 dividend guidance to $1.35 per share and CAFD guidance to $225 million Generates Cash Available for Distribution (“CAFD”) of $39 million in Q1 Grows operating asset portfolio to 1.7 GW and expands drop down inventory to 3.6 GW Accelerates 167 MW organic drop …
SUNEDISON STRENGTHENS US RESIDENTIAL SALES ENGINE WITH PPA PRODUCT LAUNCH, EXPANDED CHANNEL AND SALES PLATFORM, AND TAX EQUITY FINANCING FROM MORGAN STANLEY
– SunEdison launches power purchase agreement (PPA) product across seven US states– Tax equity financing immediately available for the PPA product from Morgan Stanley– TerraForm Power to acquire residential power plants upon completion as long-term asset owner– Channel reach expanded with SunEdison’s acquisition of LightWing, a comprehensive solar platform solution for utilities and retail energy providers– Sales capabilities strengthened by …
TERRAFORM POWER ANNOUNCES ACQUISITION OF 25 MW OF SOLAR POWER PLANTS FROM INVENERGY
Two operating solar projects in Ontario, Canada with expected annual unlevered Cash Available for Distribution (“CAFD”) of $10 million Remaining average contract duration of 18 years, with counterparty credit rating of Aa2 Expected unlevered cash-on-cash return in excess of 8% BETHESDA, Md., May 4, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP), an owner and operator of clean energy power plants, today announced the acquisition of 25 …
TERRAFORM POWER ANNOUNCES INCREASE IN REVOLVING CREDIT FACILITY COMMITMENTS TO $650 MILLION
BETHESDA, Md., May 4, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP), a global owner and operator of clean energy power plants, today announced it has increased total commitments to the 5-year revolving credit facility (the “Revolver”) of its wholly-owned subsidiary TerraForm Power Operating, LLC by $100 million to $650 million in the aggregate. The $100 million in incremental commitments was provided by JPMorgan Chase Bank, N.A. and Santander Bank, N.A. The Revolver …
TERRAFORM POWER, INC. TO HOST FIRST QUARTER 2015 RESULTS CONFERENCE CALL
BETHESDA, Md., May 1, 2015 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) today announced that it will release its first quarter 2015 financial results on Thursday, May 7, 2015 before market open. The Company will hold a conference call that same day at 7:30 am Eastern Time to discuss the results. Conference Call Details Date: Thursday, May 7, 2015 Time: 7:30 am EDT Dial-in Information: Toll-Free Dial-In: +1 …
TERRAFORM POWER AND SUNEDISON ANNOUNCE ACQUISITION OF 521 MW OF WIND POWER PLANTS FROM ATLANTIC POWER
Operating wind fleet with expected annual Cash Available for Distribution (“CAFD”) of $44 million Remaining average contract duration of 18 years, with average counterparty credit rating of A3 Expected unlevered cash-on-cash return of 9%1 Anticipate funding the acquisition with a warehouse facility, creating an operating project portfolio to be dropped into TerraForm Power at a future date BETHESDA, Md., April 1, 2015 (GLOBE NEWSWIRE) — TerraForm …