TerraForm Global to offer $800 million in green bonds

Written By: Tracy Dawson Roses
July 19, 2015


On July 19, TerraForm Global, Inc. announced that its wholly-owned indirect subsidiary, TerraForm Global Operating, LLC intends to offer, in a private transaction, up to $800 million of senior notes due 2022.

The notes will be senior unsecured obligations of TerraForm Global Operating, LLC and on the issue date will be guaranteed by the Issuer’s direct parent, TerraForm Global, LLC. The notes will be guaranteed by any domestic subsidiaries of Global LLC that guarantee the Issuer’s revolving credit facility.

TerraForm Global Operating, LLC intends to use the net proceeds of the offering of the Notes to fund in whole or in part, renewable energy projects which includes the financing or refinancing of, or investments in, equipment and systems which generate or facilitate the generation of energy from renewable sources, such as solar, wind and hydroelectric energy.