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FEED_THE_FOXES

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Re: None

Wednesday, 10/12/2016 8:21:22 AM

Wednesday, October 12, 2016 8:21:22 AM

Post# of 36208
Does anybody follow SUNE’s yieldcos? I thought the yieldcos were supposed to be cash cows. In TERP’s 8-K filings that summarize financial data in 2016 they stated that they had Net Losses for each of the first two quarters. They reported an Unrestricted Cash Balance of $450 million on August 31st but have drawn down $655 million under their revolver meaning all of their cash belongs to the banks. Is SUNE stalling on the yieldcos 10Q filings in order to keep the public in the dark on their deteriorating condition? If SUNE can't monetize sufficient value from disposition of the yieldcos to repay the DIP lenders in full where does that leave SUNE?
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