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FEED_THE_FOXES

10/09/16 12:01 PM

#28375 RE: BayTrader280 #28374

The yieldcos are heavy baggage. They are bleeding red ink. ALL of TERP's Unrestricted Free Cash is borrowed under their revolver. The interest rates for their 2023/2025 bonds just got increased 50 basis points permanently and an additional 300 basis points until they produce audited financials. And they are moving from the high PPA priced solar season into the lower priced PPA wind season which will reduce quarterly revenues. A merger would help neither SUNE or the yieldcos which needs to get their houses in order before they end up like SUNE.