For people who didn't understand the JPMorgan deal .
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. While this JPMorgan deal by itself does not completely validate the devco, we believe it goes a long way in showing that the cries of bankcruptcy were based on a lack of understanding of SunEdison's business model." "Saddle Up peeps"
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