Inactive Instrument

TerraForm Power, Inc.

Equities

US88104R2094

TerraForm Announces Exclusivity Agreement with Brookfield Asset Management Regarding Potential Transaction

January 23, 2017 at 10:30 am IST

Brookfield Asset Management Inc. (TSX:BAM.A) has entered into an exclusive agreement to buy SunEdison, Inc. (OTCPK:SUNE.Q)'s TerraForm Power, Inc. (NasdaqGS:TERP) and TerraForm Global, Inc. (NasdaqGS:GLBL) valuing the power companies at as much as CAD 2.46 billion. Brookfield Asset Management offered CAD 12 a share for TerraForm Power Inc., conditional on acquiring more than half of sister company TerraForm Global Inc., according to a regulatory filing Monday. Brookfield Asset Management offered as much as CAD 4.35 a share for all of TerraForm Global, or CAD 4.25 to acquire 50.1% of TerraForm Global and replace SunEdison as its financial sponsor, according to a statement.

Brookfield Asset Management said the exclusive talks would continue until February 21, 2017, for TerraForm Power and March 6, 2017, for TerraForm Global, and there are no assurances a deal would be completed. TerraForm Global has engaged Centerview Partners LLC, Greentech Capital Advisors Securities, LLC and AlixPartners, LLC as financial advisors and Sullivan & Cromwell LLP as its legal advisor. A spokesman for the TerraForm companies declined to comment Monday and a spokesman for SunEdison didn't immediately return a call.

Latest news about TerraForm Power, Inc.

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Transcript : TerraForm Power, Inc., Q2 2020 Earnings Call, Aug 14, 2020	14/20/14
Terraform Power, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	10/20/10	CI
Tranche Update on TerraForm Power, Inc.'s Equity Buyback Plan announced on August 9, 2019.	10/20/10	CI
TerraForm Power, Inc. Announces Management Changes	01/20/01	CI
TerraForm Power, Inc.(NasdaqGS:TERP) dropped from S&P TMI Index	31/20/31	CI
TerraForm Power, Inc.(NasdaqGS:TERP) dropped from S&P Global BMI Index	31/20/31	CI
Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of the remaining 38.5% stake in TerraForm Power, Inc	31/20/31	CI
TerraForm Power, Inc.'s Equity Buyback announced on August 9, 2019, has expired.	31/20/31	CI
Transcript : TerraForm Power, Inc. - Shareholder/Analyst Call	29/20/29
Tranche Update on TerraForm Power, Inc.'s Equity Buyback Plan announced on August 9, 2019.	12/20/12	CI
Transcript : TerraForm Power, Inc., Q1 2020 Earnings Call, May 11, 2020	11/20/11
TerraForm Power, Inc. Reports Operating Results for the First Quarter Ended March 31, 2020	11/20/11	CI
TerraForm Power, Inc. Declares Dividend on Class A common stock for the Second Quarter of 2020, Payable on June 15, 2020	11/20/11	CI
Terraform Power, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020	11/20/11	CI
TerraForm Power, Inc. cancelled the acquisition of 15 MW solar portfolio in Massachusetts.	31/20/31	CI
Tranche Update on TerraForm Power, Inc.'s Equity Buyback Plan announced on August 9, 2019.	18/20/18	CI
Transcript : TerraForm Power, Inc., Q4 2019 Earnings Call, Mar 17, 2020	17/20/17
TerraForm Power, Inc. Announces Executive Changes; Declares Quarterly Distribution with Respect to Class A Common Stock, Payable on March 31, 2020	17/20/17	CI
TerraForm Power, Inc. Reports Operating Results for the Fourth Quarter and Year Ended December 31, 2019	17/20/17	CI
Terraform Power, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019	17/20/17	CI
TerraForm Power, Inc. acquired 45 MW of regulated solar Photovoltaic assets in Spain for $60 million.	17/20/17	CI
TerraForm Power, Inc. completed the acquisition of Portfolio of 100 megawatts concentrated solar power.	11/20/11	CI
TerraForm Power, Inc. acquired Portfolio of solar assets in Spain for $70 million.	06/20/06	CI
Brookfield Renewable Partners L.P. (TSX:BEP.UN) made a proposal to acquire the remaining 38.4% stake in TerraForm Power, Inc. for $1.42 billion.	13/20/13	CI

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TerraForm Power, Inc. is a United States-based that owns and operates renewable power portfolio of solar and wind assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. The Company's portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of over 3634 megawatts. Its projects includes AP North Lake , Regulus Solar, Renew-1, Atwell Island, Mt. Signal, Alamosa, Bluebird, Kaheawa Phase 1, SunE Perpetual Lindsday, Marsh Hill, Woodville, Sandringham, Raleigh, Lestenergia, Seron 1,Seron 2, and CAP.

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