Cohocton Wind Watch: SunEdison gets $410 million loan for First Wind acquisition
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Saturday, February 07, 2015

SunEdison gets $410 million loan for First Wind acquisition

SunEdison, the Maryland Heights-based solar developer, has received a $410 million loan from Deutsche Bank to help pay for its $2.4 billion acquisition of First Wind, a U.S. developer, owner and operator of wind projects.

The loan carries a 3.75 percent interest rate and matures in January 2020.

The loan will be paired with financing SunEdison secured earlier this month.

The First Wind acquisition, which closed last week, added more than 1.6 gigawatts of pipeline and backlog projects for SunEdison. Those projects will eventually be sold to TerraForm Power, a subsidiary of SunEdison that serves as a yieldco for SunEdison, which owns a majority of the company.

The deal was paid for with an upfront payment of $1 billion, including the assumption of $361 million of debt at closing, and an expected $510 million of earn-out payments over two and a half years.

First Wind CEO Paul Gaynor has been appointed executive vice president of SunEdison's North American Utility and Global Wind business unit.

SunEdison shares were trading at $20.51 per share at market close Tuesday.

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Click on link to submit your SEC complaint on the
First Wind Holdings Inc. IPO public offering


TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

First Wind Holdings Inc. 7/31/08 SEC S1 IPO Filing

May 14, 2010 addition to the First Wind Holdings Inc. SEC S1A IPO Filing

August 18, 2010 amendment 7 to the First Wind Holdings Inc. SEC S1A IPO Filing

October 13, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing

New October 25, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing


FIRST WIND Lays an Egg WITHDRAWS IPO
after Wall Street no confidence in company




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