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TerraForm Power Inc (TERP.OQ)

TERP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Terraform Power Announces Offer To Acquire 100 Pct Of Saeta Yield
Wednesday, 7 Feb 2018 06:00am EST 

Feb 7 (Reuters) - Terraform Power Inc ::TERRAFORM POWER ANNOUNCES OFFER TO ACQUIRE 100% OF LEADING EUROPEAN RENEWABLE POWER BUSINESS, SAETA YIELD.TERRAFORM POWER INC - TERRAFORM POWER'S OFFER IS EUR 12.20 IN CASH PER SHARE OF SAETA.TERRAFORM POWER INC - TRANSACTION IS HIGHLY ACCRETIVE TO TERRAFORM POWER.TERRAFORM POWER INC - AGGREGATE VALUE OF IRREVOCABLE COMMITMENTS, REPRESENTING MORE THAN A 50% INTEREST IN SAETA, IS APPROXIMATELY $600 MILLION.TERRAFORM POWER - IF CO ACQUIRES ALL OF REMAINING SAETA SHARES IN TENDER OFFER, TOTAL PURCHASE PRICE WILL BE APPROXIMATELY $1.2 BILLION.TERRAFORM POWER INC - ‍INTENDS TO FINANCE OFFER WITH A $400 MILLION EQUITY OFFERING WITH BALANCE FUNDED FROM AVAILABLE LIQUIDITY​.TERRAFORM POWER INC - TERRAFORM POWER WILL BE ABLE TO ACQUIRE 100% OF SHARES OF SAETA PROVIDED THAT AT LEAST 90% OF SHARES ARE TENDERED IN OFFER.TERRAFORM POWER - DUE TO ACCRETION OF DEAL, CO HAS INCREASED DIVIDEND 6 PERCENT TO $0.76 PER SHARE (ON AN ANNUAL BASIS).TERRAFORM POWER INC - ‍PRIOR TO FUNDING TRANSACTION, TERRAFORM POWER HAS OVER $1 BILLION OF LIQUIDITY UNDER COMMITTED FACILITIES​.TERRAFORM POWER INC - ‍AGGREGATE VALUE OF IRREVOCABLE COMMITMENTS, REPRESENTING MORE THAN A 50% INTEREST IN SAETA, IS APPROXIMATELY $600 MILLION​.TERRAFORM POWER - CO INTENDS TO EXECUTE A FUNDING PLAN COMPRISED OF $400 MILLION EQUITY OFFERING, REMAINING $800 MILLION TO BE FINANCED WITH AVAILABLE LIQUIDITY.  Full Article

Strategic Value Partners LLC Reports 9.4 pct Passive Stake In Terraform Power As Of Dec. 29, 2017
Monday, 8 Jan 2018 03:54pm EST 

Jan 8 (Reuters) - Terraform Power Inc ::STRATEGIC VALUE PARTNERS LLC REPORTS 9.4 PERCENT PASSIVE STAKE IN TERRAFORM POWER INC AS OF DECEMBER 29, 2017 - SEC FILING‍​.  Full Article

TerraForm Power Prices $1.2 Bln Offering Of Senior Notes
Tuesday, 28 Nov 2017 04:26pm EST 

Nov 28 (Reuters) - TerraForm Power Inc ::TERRAFORM POWER PRICES $1.2 BILLION OFFERING OF SENIOR NOTES.TERRAFORM POWER INC - ‍OFFERING IS COMPRISED OF $500 MILLION OF 4.25% SENIOR NOTES DUE 2023 AT AN INITIAL OFFERING PRICE OF 100% OF PRINCIPAL AMOUNT​.TERRAFORM POWER - OFFERING ALSO COMPRISED OF $700 MILLION OF 5.00% SENIOR NOTES DUE 2028 AT INITIAL OFFERING PRICE OF 100% OF PRINCIPAL AMOUNT.  Full Article

Terraform Power Issues Conditional Call Redemption Notice For Senior Notes Due 2023
Monday, 27 Nov 2017 01:50pm EST 

Nov 27 (Reuters) - Terraform Power Inc ::TERRAFORM POWER ISSUES CONDITIONAL CALL REDEMPTION NOTICE FOR ITS $950 MILLION SENIOR NOTES DUE 2023.UNIT DELIVERED NOTICE OF REDEMPTION OF ALL OUTSTANDING $950 MILLION OF 5.875% SENIOR NOTES DUE 2023​.REDEMPTION DATE FOR 2023 NOTES PROVIDED IN NOTICE OF REDEMPTION IS DECEMBER 12, 2017​.  Full Article

Terraform Power Announces Proposed $1 Billion Offering Of Senior Notes
Monday, 27 Nov 2017 01:49pm EST 

Nov 27 (Reuters) - Terraform Power Inc ::TERRAFORM POWER ANNOUNCES PROPOSED AGGREGATE $1 BILLION OFFERING OF SENIOR NOTES.TERRAFORM POWER INC - SENIOR NOTES TO BE ISSUED IN ONE OR MORE SERIES WILL HAVE MATURITIES UP TO ABOUT 10 YEARS​.TERRAFORM POWER - UNIT INTENDS TO USE PROCEEDS TO REDEEM IN FULL EXISTING $950 MILLION SENIOR NOTES DUE IN 2023​.  Full Article

TerraForm Power files for offering of up to 34.3 mln shares of class A common stock
Thursday, 16 Nov 2017 06:14am EST 

Nov 16 (Reuters) - TerraForm Power Inc :TerraForm Power Inc files for offering of up to 34.3 million shares of class A common stock ‍​by the selling stockholders - SEC filing.  Full Article

Terraform Power posts Q3 net loss per share $0.31‍​
Thursday, 9 Nov 2017 05:30pm EST 

Nov 9 (Reuters) - Terraform Power Inc :Terraform Power reports third quarter 2017 results.Terraform Power Inc - qtrly net loss per share $ 0.31‍​.Terraform Power Inc - qtrly net operating revenues $153.4 million versus $178.1 million.Q3 earnings per share view $-0.27, revenue view $153.3 million -- Thomson Reuters I/B/E/S.  Full Article

Terraform Power Operating enters new senior secured revolving credit facility‍​ ‍​
Tuesday, 17 Oct 2017 05:55pm EDT 

Oct 17 (Reuters) - Terraform Power Inc :Terraform Power Inc - on October 17, Terraform Power Operating LLC, unit of co, entered into a new senior secured revolving credit facility‍​ ‍​.Terraform Power Inc - ‍new revolver consists of a revolving credit facility in an initial amount of $450.0 million​.Terraform Power Inc - ‍new revolver will be used to refinance existing revolver entered into by TERP operating in January 2015 and for other​ purposes.  Full Article

Terraform Power sees FY 2017 pro-forma revenue $575 mln to $595 mln - presentation slides
Tuesday, 17 Oct 2017 06:52am EDT 

Oct 17 (Reuters) - Brookfield Asset Management Inc : :Terraform Power ‍​sees FY 2017 pro-forma revenue $575 million to $595 million - presentation slides.Terraform Power Inc - sees ‍2017 pro-forma cash available for distribution (CAFD) $105-125 million​.Terraform Power Inc - sees ‍2017 pro-forma net loss $185-205 million​.Terraform Power Inc - sees 2017 pro-forma ‍adj. EBITDA $430 - $450 million ​.  Full Article

TerraForm Power says ‍stockholders as of merger effective time to receive special dividend of $1.94 per share​
Friday, 13 Oct 2017 04:30pm EDT 

Oct 13 (Reuters) - TerraForm Power Inc -:TerraForm Power Inc announces stock oversubscription in merger consideration election.TerraForm Power Inc - ‍stockholders as of merger effective time to receive special dividend of $1.94 per share​.TerraForm Power Inc - ‍expected ex-dividend date for special dividend of Tuesday, October 17, 2017​.TerraForm Power Inc -‍special dividend to be payable in cash to Class A stockholders of record on closing date, prior to effective time of merger​.  Full Article

BRIEF-Appaloosa Takes Share Stake In Comcast, Cuts In Terraform Power

* APPALOOSA TAKES SHARE STAKE OF ABOUT 2 MILLION CLASS A SHARES IN COMCAST CORP‍​ - SEC FILING