SunEdison Inc (WFR.F) Key Developments | Reuters.com
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SunEdison Inc (WFR.F)

WFR.F on Frankfurt Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SunEdison receives final bankruptcy court approval of debtor-in-possession financing
Friday, 10 Jun 2016 08:00am EDT 

SunEdison Inc : Received final bankruptcy court approval of debtor-in-possession (DIP) financing in form of new capital totaling up to $300 million .Receives final bankruptcy court approval of debtor-in-possession financing.  Full Article

Terraform Global receives notice of default from trustee
Thursday, 2 Jun 2016 07:36am EDT 

Terraform Global Inc : Terraform Global Operating LLC received notice of default from trustee under indenture governing its 9.75 pct senior notes due 2022 . Terraform Global Operating, LLC has $760.4 million aggregate principal amount of senior notes outstanding . Default notice does not accelerate senior notes prior to expiration of cure period, or cross-default under credit and guaranty agreement .There can be no assurance that company will file or make available 2015 annual report within cure period under indenture.  Full Article

Sunedison says will delay filing quarterly report
Thursday, 12 May 2016 04:26pm EDT 

Sunedison Inc : Files For Non Timely 10-q . Delay in filing 10-q is primarily due to previously disclosed inability to file form 10-k for fiscal year ended december 31, 2015 . 10-K continues to be delayed due to previously disclosed identification of material weaknesses in internal controls over financial reporting . Because of material weaknesses, additional procedures are necessary to complete the company’s annual financial statements . To date, additional procedures have not resulted in identification of any material misstatements, restatements for any period reported . Company is currently seeking the appointment of an independent accounting firm through the bankruptcy court .Does not anticipate being able to file form 10-q within 5 calendar day period set forth in rule 12b-25 under the securities exchange act.  Full Article

BRIEF-SunEdison provides CFO Brian Wuebbels formal notice of employment termination
Thursday, 12 May 2016 04:26pm EDT 

Corrects headline to say CFO Brian Wuebbels, not CFO-designee Ilan Daskal, will step down.designee Ilan Daskal, will step down)) May 12 (Reuters) - SunEdison Inc : Provided Brian Wuebbels, chief administration officer, chief accounting officer and CFO, a formal 30-day notice of termination of employment . Ilan Daskal will remain SunEdison's chief financial officer designee until Daskal and SunEdison agree to remove designee title .Wuebbels last day of employment will be June 9, 2016; during notice period, Wuebbels' title will be advisor to chief restructuring officer.  Full Article

SunEdison says filed loan syndication procedures with court
Monday, 9 May 2016 06:40am EDT 

SunEdison Inc - : On May 6, 2016, filed with United States Bankruptcy Court for Southern District of New York Tranche B loan syndication procedures .Certain holders of Co's notes due 2018, certain lenders being afforded opportunity to subscribe to provide financing as Tranche B lenders.  Full Article

SunEdison Inc says certain of its first and second lien lenders entered into confidentiality agreements - Reuters News
Friday, 15 Apr 2016 06:19pm EDT 

SunEdison Inc:Sunedison inc says on march 17, 2016, co and certain of its first and second lien lenders entered into confidentiality agreements - RTRS.Negotiations with respect to potential financing transactions are still ongoing.Sunedison inc says information regarding co was provided in connection with proposed dip financing deals under confidentiality agreements.Sunedison inc says as of march 16 2016, co is targetting 50 percent headcount reduction from oct 2015 workforce base.Sunedison inc says as of march 16 2016, 40 percent headcount reduction from oct 2015 workforce base already achieved.  Full Article

SunEdison Inc and TerraForm Power announce settlement and termination of Latin America Power acquisition
Friday, 4 Mar 2016 06:55am EST 

SunEdison Inc and TerraForm Power:Have entered into a settlement agreement with the shareholders of Latin America Power Holding, BV, that resolves all of the disputes among the parties regarding the termination of the acquisition of Latin America Power by SunEdison.Says arbitration proceeding will be terminated.Says parties have resolved the case on mutually acceptable terms.Says settlement imposes no payment obligations on TerraForm Power.Says parties have agreed that the acquisition of Latin America power by Sunedison will not be completed.Says none of the parties has admitted to any wrongdoing or liability with respect to the claims asserted in the arbitration.Terms of settlement include total payment of $28.5 million to be made by SunEdison Inc, and/or Sunedison Holdings Corporation.Action filed against Sunedison, Sunedison Holdings TerraForm Power by shareholders of Latin America power to be dismissed without prejudice.Says "temporary restraining order against Sunedison and TerraForm Power will be vacated immediately".  Full Article

SunEdison Inc provides update on strategy to refocus Solar Materials operations
Thursday, 18 Feb 2016 06:50am EST 

SunEdison Inc:Takes actions to focus solar materials operations on asset-light strategy.Decides to close Pasadena, Texas polysilicon production facility.Says sells kuching, Malaysia silicon wafer production facility.Sells kuching, Malaysia silicon wafer production facility.Says reports smp joint venture is on track to meet key polysilicon production and cost targets.Polysilicon production has been terminated and seed production will end by the third quarter of 2016.Says about 180 jobs are expected to be affected by the closure, subject to sunedison's collective bargaining obligations.Says To report a total of $266 million in non-cash impairment charges,$171 million in other restructuring charges in Q4 results.  Full Article

SunEdison Inc signs solar power purchase agreement with Stockton East Water district
Tuesday, 9 Feb 2016 06:51am EST 

SunEdison Inc:Says signed a solar power purchase agreement with Stockton East Water district in northern California.Says plans to install 2.2 megawatts of high-performance SunEdison solar panels on the water district's property.  Full Article

SunEdison, Inc Announces Pricing of second lien secured term loans
Thursday, 7 Jan 2016 06:50am EST 

SunEdison, Inc:Announces pricing of $725 million of second lien secured term loans and entry into exchange transactions, resulting in $738 million reduction of debt.Says company expects to receive $725 million in gross cash proceeds from the second lien facilities.  Full Article