- Reuters•2 days ago
Hedge fund D.E. Shaw and Co has made a non-binding proposal to replace SunEdison Inc as the operating sponsor of TerraForm Power Inc, an "yieldco" created by the bankrupt solar company. SunEdison has been looking to sell its controlling stake in TerraForm Power and TerraForm Global Inc - yield cos that hold renewable energy projects bought from their parent. It was unclear from a regulatory filing on Tuesday if D.E. Shaw would buy SunEdison's controlling Class B shares or acquire TerraForm Power outright.
- Bloomberg•2 days ago
D.E. Shaw & Co., a New York hedge fund that manages about $38 billion, bid to become the operating sponsor of TerraForm Power Inc., a yieldco founded and controlled by bankrupt clean-energy giant SunEdison ...
- Reuters•6 days ago
A group of SunEdison Inc (SUNEQ.PK) lenders took control of the renewable energy developer after inking a "sweetheart deal" to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. bankruptcy court. SunEdison transferred "hundreds of millions of dollars" to the lenders, which included buyout firms Apollo Global Management LLC and Cerberus Capital Management LP and more than 15 hedge funds, before it filed for bankruptcy, hurting the company's other creditors, according to a redacted version of the complaint. SunEdison's unsecured creditors, including Vivint Solar Inc (VSLR.N), filed the lawsuit.
SunEdison, Inc. (SUNE)
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