SunEdison Nabs $590M In Financing To Back First Wind Buy
Law360, New York (January 16, 2015, 6:41 PM EST) -- SunEdison Inc. said Friday that it has snagged a total $590 million in financing, after launching a secondary offering and landing bank loans, to back its planned $2.4 billion acquisition of First Wind Holdings LLC.
Earlier this week, SunEdison raised $190 million for the First Wind buy through a secondary offering of shares in Singapore-based SunEdison Semiconductor Ltd., in which SunEdison sold nearly 12.9 million shares priced at $15.19 apiece on Wednesday. SunEdison Semiconductor is the silicon wafers manufacturer that spun off from SunEdison in a May 2014 initial public offering.
In addition, SunEdison said it has secured a $400 million...
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