SunEdison/TerraForm $800 million notes backing First Wind acquisition expected January business

By Paul A. Harris

Portland, Ore., Jan. 14 – SunEdison, Inc. and its subsidiary TerraForm Power Inc. are expected to bring $800 million of new high-yield bonds by the end of the month, according to a market source.

Barclays, Morgan Stanley & Co. LLC, Goldman Sachs & Co., Macquarie and Citigroup Global Markets Inc. will lead the deal, along with others to be announced, the source added.

Proceeds will be used to help fund the acquisition of Boston-based renewable energy company First Wind Holdings Inc. for $2.4 billion.

Other funding includes a completed $350 million PIPE offering and a $350 million public equity offering.

SunEdison is a Belmont, Calif.-based solar technology company. TerraForm is a Beltsville, Md., clean power company.

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