TerraForm Global, Inc. (NASDAQ:GLBL) Files An 8-K Regulation FD Disclosure

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TerraForm Global, Inc. (NASDAQ:GLBL) Files An 8-K Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure.

On December 7, 2016, TerraForm Global, Inc. (the Company) posted
a presentation to the Investor section of its website containing
limited preliminary information relating to certain cash and debt
balances of the Company and its subsidiaries as of October 31,
2016. A copy of the presentation is attached hereto as Exhibit
99.1.
The information contained in the presentation should be read in
conjunction with the risk factors detailed in the Companys Form
8-K furnished on July 20, 2016 and with its subsequent Form 8-K
filings, including its Forms 8-K furnished on September 16, 2016
and November 29, 2016. The information included in the
presentation is preliminary, has not been audited or reviewed and
is subject to completion of normal and customary accounting
closing procedures. This information may change materially as a
result of the completion of the audit for fiscal year 2015 and
review procedures for the periods ended March 31, 2016, June 30,
2016 and September 30, 2016 or the completion of the audit or
review procedures for any future period. This information also
reflects managements estimates that are based on various
assumptions and are subject to various risks, which are
inherently uncertain and could cause actual results to differ
materially. This information does not represent a complete
picture of the financial position, results of operation or cash
flows of the Company, is not a replacement for full financial
statements prepared in accordance with U.S. GAAP. and should not
be viewed as indicative of future results, which may differ
materially.
The information in this Current Report on Form 8-K (including the
exhibit attached hereto) shall not be deemed filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that Section. The information in this Current
Report on Form 8-K (including the exhibit attached hereto) shall
not be incorporated by reference into any filing or other
document under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference in such filing or document.
Cautionary Note Regarding Forward-Looking Statements. Except for
historical information contained in this Form 8-K and the
presentation attached as an exhibit hereto, this Form 8-K and the
presentation contain forward-looking statements which involve
certain risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by these
statements. Please refer to the cautionary note in the
presentation regarding these forward-looking statements.
Item 8.01 Other Events.
On December 6, 2016, the Company issued a press release
announcing the successful completion of TerraForm Global
Operating, LLCs solicitation of consents from holders of the
9.75% Senior Notes due 2022 (the Notes) to obtain waivers
relating to certain reporting covenants under the indenture dated
as of August 5, 2015 (as supplemented, the Indenture). Under the
terms of the waivers, the deadline to comply with the reporting
covenants in the Indenture relating to the filing of the Companys
annual and quarterly reports required to be filed (including the
Form 10-K for 2015 and the Form 10-Q for the first quarter of
2016) was extended to December 26, 2016, with TerraForm Global
Operating, LLC having the option to further extend the deadline
to January 6, 2017, to the extent necessary, by paying an
extension fee. TerraForm Global Operating, LLC agreed that
written notice shall be deemed to have been validly given, for
the purposes of Section 6.01(3) of the Indenture, on December 6,
2016 with respect to the Companys Form 10-Q for the second
quarter of 2016. Therefore, no event of default under the
Indenture is expected to occur with respect to the Companys Form
10-Q for the second quarter of 2016 unless such Form 10-Q were
not filed by early March 2017. A copy of the press release is
attached as Exhibit 99.2 to this Current Report on this Form 8-K
and is incorporated by reference herein.
Item 9.01 Financial Statement and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1*
Presentation, dated December 7, 2016, titled TerraForm
Global Supplemental Information Requested by
Bondholders
99.2
Press Release, dated December 6, 2016, titled TerraForm
Global Operating, LLC Announces Completion of Consent
Solicitation
* Document furnished herewith


About TerraForm Global, Inc. (NASDAQ:GLBL)

TerraForm Global, Inc. is a renewable energy company. The Company owns and operates clean energy power plants. The Company’s segments include Solar, Wind and Corporate. The Company serves a range of utility, commercial, industrial, residential and government customers through energy production with over 40 projects across approximately 70 sites in various markets. The Company’s projects include Brakes, ESP Urja, Boshof, Silverstar Pavilion, NSM Sitara, Dunhuang, Salvador, Hanumanhatti, Focal, Alto Cielo, Witkop and others. The Company’s over 917 megawatts (MW) portfolio enables around the clock energy production. The Company’s solar and wind projects are located across various regions, including Brazil, India, South Africa, China, Thailand, Malaysia and Uruguay. The Company is a subsidiary of SunEdison, Inc. The Company’s subsidiaries include TerraForm Global, LLC and TerraForm Global Operating, LLC.

TerraForm Global, Inc. (NASDAQ:GLBL) Recent Trading Information

TerraForm Global, Inc. (NASDAQ:GLBL) closed its last trading session down -0.05 at 3.75 with 351,265 shares trading hands.