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George the Greek

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George the Greek

Re: tob999 post# 1514

Thursday, 12/10/2015 7:28:47 PM

Thursday, December 10, 2015 7:28:47 PM

Post# of 36208
Regarding Terra Nova Renewable Partners acquires wind farm assets for $209 million in equity, whereas enterprise value of the deal is $787 million,

one guy on Yahoo! BB says that SUNE basically is selling these assets at a firesale price, sold for a song, to the partnership,
that, even thought the assets have a value of $787M,
they are being sold for $209M due to SUNE distressed condition.

Anyone have a different take on the wording?
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