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Re: George the Greek post# 1550

Friday, 12/11/2015 12:00:45 PM

Friday, December 11, 2015 12:00:45 PM

Post# of 36208
Clarification of my misunderstanding of the deal (sale of Maine wind farms assets to Terra Nova Renewable Partners):

Guy on Yahoo! BB, handle wantstoretireearly, posted:

the deal included $209M of equity and $578M of debt for an enterprise value of $787M. In other words, SunEdison was able to release $209M of cash and simultaneously extinguish $578M of debt in this single transaction - a move that substantially improves the Company's balance sheet and should put to rest any remaining concerns about liquidity.



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