SunEdison Inc. has completed a US$335 million private placement of membership interests in TerraForm Global, an indirect subsidiary of SunEdison.
TerraForm Global, formed to own and operate contracted clean power generation assets in emerging markets, also entered into a stock purchase agreement for the sale of US$67.5 million of its Class A common stock. This consisted of a private placement conditioned upon the closing of its initial public offering (IPO).
Together, both private placements come to a total of US$402.5 million and were entered into with institutional investors, including the following:
IPP Journal has recently been heavily reporting on SunEdison endeavors: