Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SunEdison to Sell $500 Million in Debt for Solar Acquisitions

June 4 (Bloomberg) -- SunEdison Inc., the best-performing U.S. solar company this year, is offering $500 million in convertible debt for acquisitions on three continents.

About $350 million to $400 million of the net proceeds will be used on projects and to pay debt on solar farms held by subsidiary TerraForm Power Inc., St. Peters, Missouri-based SunEdison said today in a statement. SunEdison created TerraForm to own and operate renewable power plants.

The notes, due in 2020, will be offered in a private placement, with interest and conversion rates determined at the time of the sale.

SunEdison is up 50 percent this year, the most of any U.S. company in the Bloomberg Industries Global Large Solar Energy Index. The top performer is REC Silicon ASA of Sandvika, Norway.

SunEdison said in a filing today that it’s in talks to buy solar developers and power plants in the U.S., Canada, Chile and the U.K.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Jim Efstathiou Jr., Tina Davis

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.