Edition:
India

TerraForm Power To Acquire Large-Scale U.S. Distributed Generation Platform


Monday, 22 Jul 2019 

July 22 (Reuters) - TerraForm Power Inc ::TERRAFORM POWER TO ACQUIRE LARGE-SCALE U.S. DISTRIBUTED GENERATION PLATFORM.TERRAFORM POWER INC - DEAL FOR $720 MILLION..TERRAFORM POWER INC - TERRAFORM POWER PLANS TO INITIALLY FUND ACQUISITION WITH A $475 MILLION BRIDGE FACILITY.TERRAFORM POWER INC - TRANSACTION WILL BE PERMANENTLY FUNDED THROUGH PROJECT FINANCING WITH INVESTMENT GRADE METRICS AND CAPITAL RECYCLING.TERRAFORM POWER INC - TERRAFORM POWER EXPECTS ACQUISITION TO BE MODESTLY ACCRETIVE TO CAFD IN 2020 AND OVER NEXT FIVE YEARS.TERRAFORM POWER INC - TO SEEK TO FINANCE ITS EQUITY INVESTMENT BY SELLING MINORITY INTERESTS IN STABILIZED WIND ASSETS.TERRAFORM POWER - EXPECTS TO GENERATE RETURNS ON EQUITY ON INVESTMENT WITHIN TARGETED RANGE OF 9% TO 11%..TERRAFORM - TO BUY UNLEVERED DISTRIBUTED GENERATION PLATFORM FROM SUBSIDIARIES OF ALTAGAS LTD. 

Company Quote

17.57
-0.16 -0.90%
20 Sep 2019