United States

SunEdison Inc (WFR.D)

WFR.D on Dusseldorf Stock Exchange

25 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Terraform Power files for non-timely 10-Q
Thursday, 11 May 2017 04:56pm EDT 

May 11 (Reuters) - Terraform Power Inc ::Terraform Power Inc files for non-timely 10-Q - sec filing.Terraform Power - delay in filing 10-Q due to need to complete all steps necessary to finalize financial statements and other disclosures.Terraform Power - based on its work to date, expects both previously identified and additional material weaknesses to have existed as of Dec 31, 2016.Terraform Power - will not be able to file the 1q17 10-q until it has completed and filed the 2016 10-k.Terraform Power - expects results of its operations for fiscal quarter ended march 31, 2017 to be different from fiscal quarter ended march 31, 2016.Terraform Power - sees increased expenses in q1 due to contingency planning in connection with Sunedison's bankruptcy filing on April 21, 2016.Terraform Power - sees increased expenses in q1 also due to company’s previously announced exploration of strategic alternatives.Terraform Power - because of delay in 1q 2017 10-q filing, co unable to provide estimate of anticipated changes in q1 2017 from last year.  Full Article

SunEdison Shareholder Group opposes proposed yieldco sale to Brookfield Asset Management
Friday, 21 Apr 2017 09:17am EDT 

April 21 (Reuters) - SunEdison Shareholder Group::SunEdison Shareholder Group: SunEdison equity shareholders needed to help stop fire sale of assets and total loss of investments.Over 1,000 SunEdison shareholders joined to oppose company's proposed sale of interest in Yieldco's to Brookfield Asset Management.  Full Article

Terraform Global says deadline under MoU, regarding potential settlements of claims between SunEdison extended to Feb 2.
Tuesday, 31 Jan 2017 07:15am EST 

TerraForm Global Inc : TerraForm Global- yieldcos, Global LLC, Terra LLC, Sunedison modified mou to extend deadline for agreeing to terms of settlement agreements - sec filing .Terraform Global-deadline under MoU, regarding potential settlements of claims between Sunedison, its debtors, their employees, is extended to Feb 2.  Full Article

Brookfield submits alternative proposals to Terraform's advisors related to potential deal
Tuesday, 10 Jan 2017 05:33pm EST 

Brookfield Asset Management Says None Of The Four Proposals For Terraform Power Inc : Brookfield Asset Management-Submitted alternative proposals to Terraform Power's advisors with respect to potential deal involving co, Terraform Power . Is subject to any financing condition . Brookfield Asset Management says under one of the proposals Brookfield would acquire all outstanding shares of Terraform Power Inc for $11.50 per share in cash . Brookfield Asset Management - Under one of the proposals, Brookfield would replace sunedison as Terraform Power's sponsor and controlling shareholder . Brookfield Asset Management - Reports 12.12 percent stake in Terraform Power as of Jan. 9 - SEC filing . Brookfield Asset - Under third proposal it would replace Sunedison as Terraform Power's sponsor and controlling shareholder, and would invest cash in the co in exchange for newly issued class a shares Source: (http://bit.ly/2jAOFsr) Further company coverage: [TERP.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

TerraForm Power files 10-Q for 3 months ended March 31, 2016
Tuesday, 6 Dec 2016 06:26am EST 

TerraForm Power Inc :Files 10-Q for the three months ended March 31, 2016.  Full Article

Brookfield Asset Management entered confidentiality agreement with Terraform Power - SEC filing
Monday, 5 Dec 2016 08:47am EST 

Brookfield Asset Management: On Dec. 3, 2016, co and Terraform Power entered into a confidentiality agreement - SEC filing . Agreed to, among other things, for specified periods, non-disclosure obligations, standstill obligations with Terraform Power .Agreed to restrictions on soliciting and hiring certain employees and consultants of Terraform Power and Sunedison.  Full Article

Terraform Power says has asked bidders to provide firm pricing by early Jan 2017
Monday, 5 Dec 2016 07:45am EST 

Terraform Power Inc : Terraform Power reports 2015 financial results and files form 10-K . Terraform Power Inc - has asked bidders to provide firm pricing by a defined date in early January 2017 .Terraform Power Inc - working with SunEdison and its stakeholders, company has a well-defined process and timeline.  Full Article

Terraform Power files 10-k for year ending Dec 31, 2015
Monday, 5 Dec 2016 06:17am EST 

Terraform Power Inc : Files 10-k for year ending Dec 31, 2015 .Accompanying consolidated financial statements have been prepared on a going concern basis.  Full Article

Terraform Power says sees adj. revenue of $697 mln-$712 mln for full year 2016
Tuesday, 29 Nov 2016 08:30am EST 

Terraform Power Inc : Terraform Power Inc - for full year 2016, Terraform Power expects to deliver adjusted revenue of $697 - $712 million . Terraform Power Inc - for full year 2016 Terraform Power expects net loss of $105 - $145 million and adjusted EBITDA of $517 - $532 million . Terraform Power Inc - Terraform Power expects to be operationally independent by January 2017 . Terraform Power Inc - forecasted 2016 financial metrics are in-line with management expectations post-SunEdison bankruptcy . Terraform Power Inc - strategic alternatives process is ongoing .Terraform Power Inc - 2016 cash available for distribution is expected to be substantially lower than pre-SunEdison bankruptcy estimates.  Full Article

Sunedison responds to claims and allegations made by Terraform Power and Terraform Global
Monday, 3 Oct 2016 04:45pm EDT 

Sunedison Inc : "Sunedison disagrees with many of statements, claims and allegations made by Yieldcos in their press releases" . No date has been established yet in bankruptcy cases for objecting to proofs of claims . Sunedison, Inc. Responds to claims and allegations made by Terraform Power, Inc., and Terraform Global, Inc. . Sunedison confirms that settlement discussions with Yieldcos have commenced . Settlement discussions relate to alleged claims asserted by Yieldcos, claims that Sunedison Estate is reviewing,may assert against yieldcos . "will evaluate proposed transactions based on value they deliver to Sunedison's bankruptcy estate" .Anticipated that ultimately there will be resolution of dispute regarding claims alleged by Yieldcos,claims that co holds against yieldcos.  Full Article

More From Around the Web

Bankrupt SunEdison wins court OK to advance rights offering

Renewable energy giant SunEdison Inc received court approval on Friday to proceed with its planned rights offering that will raise nearly $300 million to help the company emerge from its year-old bankruptcy.