TerraForm Global, Inc. (NASDAQ:GLBL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
subsidiary of TerraForm Global, Inc. (the Company), permanently
reduced to $0 and terminated the revolving commitments under its
credit and guaranty agreement, dated as of August 5, 2015, with
Goldman Sachs Bank USA, as administrative agent and lender and
certain other lenders party thereto (as amended, the Revolver)
and entered into a fifth amendment (the Amendment) to the
Revolver.
no longer be required to deliver to the administrative agent and
the other lenders party to the Revolver its annual financial
statements and accompanying audit reports, unaudited quarterly
financial statements, annual compliance certificates, statements
of reconciliation after changes in accounting principles, annual
financial plans and reconciliations of non-recourse project
indebtedness to Section 5.1 of the Revolver. The Amendment
requires Holdings to provide the administrative agent under the
Revolver with an annual collateral verification within 90 days
after the end of each fiscal year to Section 5.1(m) of the
Revolver. The Amendment removes the requirement that Holdings and
its subsidiaries comply with certain financial ratios contained
in Section 6.7 of the Revolver.
complete and is qualified in its entirety by reference to the
Amendment, which is filed as Exhibit 10.1 hereto, and is
incorporated herein by reference.
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Exhibit No.
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Description
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10.1
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Fifth Amendment to Credit and Guaranty Agreement, dated
March 31, 2017 |
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 00.00 at 4.75 with 949,825 shares trading hands.