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Re: MikeBK205 post# 34017

Thursday, 04/13/2017 6:22:52 AM

Thursday, April 13, 2017 6:22:52 AM

Post# of 36208
The Bloomberg article grossly overstates the "cash" proceeds of the India assets sales to Greenko. Docket #1459 shows that SUNEQ received "approximately $38 million". Most of the "value" purchased by Greenko consisted of the assumption of non-recourse debt. The total cash proceeds collected by SUNEQ for the deals cited in the article is closer to $574 million not $1.032 billion.
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