Tuesday, March 29, 2016

One of SunEdison's YieldCo's Says The Parent May File Bankruptcy (SUNE; GLBL)

From the St. Louis Business Journal:

TerraForm Global says SunEdison at risk of bankruptcy
A yieldco of SunEdison Inc. said Tuesday that the Maryland Heights-based solar developer is at "substantial risk" of seeking bankruptcy protection soon because of "liquidity difficulties."

Bethesda, Maryland-based TerraForm Global, majority owned by SunEdison, said in a regulatory filing that it expects to delay filing its own annual report for the year ended Dec. 31 beyond the March 30 due date, in part because of issues surrounding SunEdison's delay in making its annual filing.

TerraForm Global said it does not rely substantially on SunEdison for funding or liquidity and it believes that if SunEdison seeks bankruptcy protection, TerraForm Global will have sufficient liquidity to support its ongoing operations. But if SunEdison files for bankruptcy protection, it "would have a material adverse effect" on TerraForm Global, officials said....MORE
SunEdison Is Being Investigated By The SEC, Stock Is Deer Nuts (SUNE)