Brief: Terraform Global says consents to sale of SunEdison India assets

AlTi Global

27/09/2016 21:15

Sept 27 (Reuters) - Terraform Global Inc  
    * Has agreed not to pursue claims against a third-party 
buyer relating in any way to assets included in third party sale 
transaction 
    * Terraform global inc says company has retained all of its 
claims against sunedison and its affiliated persons 
    * Co agreed not to pursue claims against a third-party buyer 
relating in any way to assets included in third party sale 
transaction 
    * Pursuant to proceeds sharing arrangement co entitled to 
get portion of cash proceeds received by sunedison parties from 
tuesday's deal 
    * Company does not expect proceeds from tuesday's deal to 
exceed $10 million 
    * Terraform global consents to sale of sunedison india 
assets 
    * Third party sale includes 425 mw india portfolio of solar 
energy projects for which company made a prepayment to sunedison 
in q4 of 2015 
    * Third party sale transaction also includes bora bora 
project in india and certain assets in uruguay 
    * Co, certain subsidiaries of sunedison that directly or 
indirectly own assets involved in deal entered proceeds sharing 
arrangement 
 
Source text for Eikon:  ID:nGNXNHFDMa  
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