SunEdison secures $100.4 million debt financing with OPIC, IFC

By Lisa Kerner

Charlotte, N.C., Nov. 20 - SunEdison, Inc. closed a $100.4 million non-recourse debt financing arrangement with the Overseas Private Investment Corp. and IFC, a member of the World Bank Group.

Overseas Private Investment is providing $62.9 million of debt, and IFC is providing a parallel loan of $37.5 million.

In addition, Rabobank is providing a local Chilean peso VAT facility for the equivalent of $25.6 million.

Proceeds will be used for the construction of a solar power plant in Chile, according to a company news release.

SunEdison, a subsidiary of MEMC Electronic Materials, Inc., is a solar power systems provider based in Belmont, Calif.

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