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SunEdison Inc (WFR.F)

WFR.F on Frankfurt Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Brookfield Asset Management says it discussed possibility of potential deals involving Terraform Global, Terraform Power
Thursday, 10 Nov 2016 12:39pm EST 

Brookfield Asset Management: On November 9, representatives of Brookfield met with independent members of board of directors of Terraform Global . At the meeting, Brookfield discussed the possibility of transactions involving Brookfield and the Terraform companies . Proposals include Brookfield would buy shares in Terraform comapnies from existing class A and class B stockholders . Alternative proposal structure is one in which Brookfield would purchase 100 percent of Terraform companies for cash - SEC filng .Under first proposal, Terraform companies would remain listed public entities, and Brookfield would replace SunEdison as sponsor.  Full Article

D. E. Shaw and Co evaluating potential deals with Terraform Power, SunEdison
Friday, 14 Oct 2016 05:37pm EDT 

D. E. Shaw And Co : D. E. Shaw And Co - is evaluating various potential deals with one or both Terraform Power, SunEdison, controlling stockholder of terraform power . D. E. Shaw And Co - potential deal could result in affiliate of co participating in the management and/or operations of Terraform Power - sec filing .D. E. Shaw And Co -affiliate may make non-binding proposal with regard to deal as part of process currently being overseen by Terraform Power, SunEdison.  Full Article

Sunedison says got notice on Oct. 5 that U.S. SEC is conducting non-public, fact-finding investigation relating to co
Wednesday, 12 Oct 2016 05:34pm EDT 

Sunedison Inc : On October 5, received a notice that United States SEC is conducting a non-public, fact-finding investigation relating to company . In addition, received subpoenas from United States DOJ seeking information and documentation relating to various matters . Company and board of directors intend to continue to cooperate fully with SEC and DOJ .Got subpoena, seeking emails, electronic communications sent/got by current/former directors, officers of co, terraform power, terraform global.  Full Article

Terraform Global initiates process to explore strategic alternatives
Monday, 19 Sep 2016 08:05am EDT 

Terraform Global Inc : Terraform Global initiates process to explore strategic alternatives . Board of directors has initiated a process to explore and evaluate potential strategic alternatives . Notified SunEdison that its corporate governance and conflicts committee is prepared to enter into discussions with SunEdison . Entered into confidentiality arrangements with SunEdison to allow Terraform Global to share information about strategic alternatives . Prepared to enter talks with SunEdison to settle intercompany claims and defenses between Terraform Global and SunEdison . Actively exploring potential sale of all of Terraform Global's equity interests, as well as alternative structures .Also is taking appropriate steps to operate as an independent company without a new sponsor, if that should become necessary.  Full Article

Terraform Power initiates process to explore strategic alternatives
Monday, 19 Sep 2016 08:05am EDT 

Terraform Power Inc : Terraform Power initiates process to explore strategic alternatives .Exploring potential sale of all of Terraform power's equity interests, as well as alternative structures.  Full Article

Sunedison announces credit agreement amendment - SEC filing
Tuesday, 16 Aug 2016 06:12am EDT 

Sunedison Inc [SUNEQ.PK] : Got certain amendments to certain senior secured superpriority debtor-in-possession credit agreement, dated as of April 26, 2016 - SEC filing . DIP amendment modifies certain provisions in dip credit agreement relating to some milestones relating to co's restructuring efforts . DIP amendment modifies certain provisions in dip credit agreement relating to intercompany loans and restricted payments . DIP amendment also modifies certain provisions relating to asset sales . In connection with DIP amendment, requisite dip lenders also approved an updated 13-week budget .Also finalized certain amendments to indenture, dated jan 11, 2016 for existing outstanding 5% guaranteed convertible senior secured notes due 2018.  Full Article

Sunedison Inc files for non-timely 10-Q
Friday, 12 Aug 2016 05:44pm EDT 

Sunedison Inc : Files for non-timely 10-q with u.s. Sec - SEC filing . Complexity of completing the form 10-K, the Q1 form 10-Q and the form 10-Q has increased substantially compared to the prior periods . Delay in filing form 10-Q primarily due to inability to file form 10-K for FY ended 2015, form 10-q for quarter ended march 31, 2016 .Does not anticipate being able to file the form 10-Q within the 5 calendar day period set forth in rule 12b-25.  Full Article

Terraform Power files non timely 10-Q
Wednesday, 10 Aug 2016 04:07pm EDT 

Terraform Power Inc : Delay in filing 10-Q due to need to complete steps,tasks necessary to finalize co’s financial statements,other disclosures . Sees results for quarter ended June 30 to be different due to increase by 1.1 gw of co’s fleet of renewable energy facilities from June 30 2015 . Sees results for quarter ended June 30 to be different due to increased expenses, in particular costs of external advisors . Files non timely 10-Q . Expects results of its operations for the fiscal quarter ended June 30, 2016 to be different from the corresponding period in 2015 Source: (http://bit.ly/2b4H8dZ ) Further company coverage: [TERP.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Terraform Power received letter from Sunedison to terminate interest payment agreement
Wednesday, 3 Aug 2016 05:14pm EDT 

Terraform Power Inc : Received a letter from Sunedison purporting to terminate interest payment agreement dated as of July 23, 2014 . Agreement was entered into as part of a suite of contemporaneous documents comprising Sunedison's sponsorship of Terraform Power . Sunedison agreed to pay amounts equal to portion of each interest payment on Terraform Power Operating LLC's senior notes due 2023,2025 .Sunedison agreed to pay amounts with 1st interest payment on Aug 1, 2015, continuing through scheduled interest payment on Aug 1, 2017.  Full Article

Terraform Global received a letter from SunEdison to terminate interest payment agreement
Wednesday, 3 Aug 2016 05:02pm EDT 

Terraform Global : Received a letter from SunEdison purporting to terminate interest payment agreement dated as of August 5, 2015 .Terraform Global inc says contests the purported termination of the agreement and believes that the termination letter is "invalid"- SEC filing.  Full Article

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Brookfield Asset proposes to take 50-60 percent stake in TerraForm Power

Brookfield Asset Management Inc proposed on Friday to take a 50-60 percent stake in bankrupt solar company SunEdison Inc unit TerraForm Power Inc , a week after it expressed interest in buying the "yieldco".