The acceptance period for TerraForm Power Inc’s tender offer to acquire Saeta Yield SA has closed and the bidder expects to complete the transaction in the third week of June 2018

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The acceptance period for TerraForm Power Inc’s tender offer to acquire Saeta Yield SA has closed and the bidder expects to complete the transaction in the third week of June 2018. TerraForm Power also said it will issue to Brookfield about US$650 million of its Class A stock at a previously agreed back-stop price of US$10.66 apiece. This private placement should close on or about June 11, 2018, and will provide the company with capital to fund a portion of the Saeta transaction. Brookfield’s interest in TerraForm Power after the private placement is expected to reach 65%
List of the country updates

Country updates

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