ISS Recommends TerraForm Power Shareholders Vote For the Merger with Brookfield Renewable NEW YORK, July 15, 2020 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power” or the “Company”) today announced that Institutional Shareholder Services Inc. (“ISS”), a proxy advisory firm, issued a report on July 14, 2020 recommending that TerraForm Power stockholders vote FOR the merger of the Company with Brookfield Renewable Partners L.P. (“Brookfield Renewable”) at the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”). If the merger is approved, each share...
Glass Lewis Recommends TerraForm Power Shareholders Vote For the Merger with Brookfield Renewable NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power” or the “Company”) today announced that Glass, Lewis & Co. (“Glass Lewis”), a proxy advisory firm, issued a report on July 13, 2020 recommending that TerraForm Power stockholders vote FOR the merger of the Company with Brookfield Renewable Partners L.P. (“Brookfield Renewable”) at the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”). If the merger is approved, each share of C...
TerraForm Power Sets July 29, 2020 for Stockholder Meeting Vote on Brookfield Renewable Merger Agreement NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced that it has established a record date of June 26, 2020 and a stockholder meeting date of July 29, 2020 for a meeting of its stockholders to, among other things, vote to approve proposals related to the merger agreement between TerraForm Power and Brookfield Renewable Partners L.P. (“Brookfield Renewable”) (the “Merger Agreement”) that was previously announced on March 16...
TerraForm Power Reports First Quarter 2020 Results NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter ended March 31, 2020. Recent Highlights Net (Loss) Income attributable to Class A shareholders, Adjusted EBITDA and CAFD of $(55) million, $180 million and $20 million, respectively, for the first quarter of 2020. This represents an increase in Net (Loss) Income attributable to Class A shareholders of $(46) million, an increase in Adjusted EBITDA of $2 million and a decrease in CAFD of $24 ...
TerraForm Power 2020 First Quarter Results Webcast and Conference Call Date: Monday, May 11, 2020Time: 9:00 a.m. (Eastern Time) NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2020 First Quarter Results Webcast and Conference Call on Monday, May 11, 2020 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be available on our website at under “Events and Presentations” in advance of the call. The conference call can be accessed via webcast on M...
TerraForm Power Reports Fourth Quarter and Full Year 2019 Results NEW YORK, March 17, 2020 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter and full year ended December 31, 2019. 2019 Highlights Net (Loss) Income attributable to Class A shareholders, Adjusted EBITDA and CAFD of $(149) million, $744 million and $173 million, respectively for the full year of 2019. This represents a decrease in Net (Loss) Income attributable to Class A shareholders of $(161) million, an increase in Adjusted EBITDA of $154 million...
TerraForm Power 2019 Fourth Quarter and Full Year Results Webcast and Conference Call Date: Tuesday, March 17, 2020Time: 9:00 a.m. (Eastern Time) NEW YORK, March 12, 2020 (GLOBE NEWSWIRE) -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2019 Fourth Quarter & Full Year Results Webcast and Conference Call on Tuesday, March 17, 2020 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be available on our website at under “Events and Presentations” in advance of the call. The conference c...
Terraform Power Confirms Receipt of Unsolicited Proposal from Brookfield Renewable and Announces Formation of Special Committee NEW YORK, Jan. 13, 2020 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today confirmed that on January 11, 2020, its Board of Directors (the “Board”) received an unsolicited, non-binding proposal (the “Proposal”) from Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) to acquire all of the outstanding shares of Class A common stock of TerraForm Power, other than the approximately 62% of TerraForm Pow...
TerraForm Power Reports Third Quarter 2019 Results NEW YORK, Nov. 11, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter ended September 30, 2019. Recent Highlights Net Loss, Adjusted EBITDA and CAFD of $(62) million, $195 million and $48 million, respectively for the third quarter of 2019. This represents an increase in Net Loss of $(43) million, a decrease in Adjusted EBITDA of $2 million and an increase in CAFD of $2 million, compared to the same period in 2018We closed on the acquisition of an approx...
TerraForm Power 2019 Third Quarter Results Webcast and Conference Call Date: Tuesday, November 12, 2019Time: 9:00 a.m. (Eastern Time) NEW YORK, Nov. 06, 2019 (GLOBE NEWSWIRE) -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2019 Third Quarter Results Webcast and Conference Call on Tuesday, November 12, 2019 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be available on our website at under “Events and Presentations” in advance of the call. The conference call can be access...
TerraForm Power Prices $700 Million Offering of Senior Notes NEW YORK, Oct. 10, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the “Issuer”), priced $700 million aggregate principal amount of 4.75% senior notes due 2030 (the “Notes”) at an initial offering price of 100% of the principal amount (the “Offering”) in connection with its previously announced private offering. The Notes will be senior obligations of the Issuer and will be guaranteed by the Issuer’s direct parent, Te...
TerraForm Power Announces Proposed Aggregate $700 Million Offering of Senior Notes NEW YORK, Oct. 10, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced that its indirect subsidiary, TerraForm Power Operating, LLC (the “Issuer”), intends to offer, in a private offering, $700 million aggregate principal amount of senior notes to be issued with a maturity of approximately 10 years (the “Notes”), subject to market conditions and other factors. The Notes will be senior obligations of the Issuer and will be guaranteed by the Issuer’s direct paren...
TerraForm Power Announces Pricing of Public Offering of Common Stock NEW YORK, Oct. 04, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced that it priced its underwritten public offering of 14,907,573 shares of its Class A common stock (“common stock”) for total gross proceeds of approximately $251 million. The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. In...
TerraForm Power Announces Public Offering of Common Stock NEW YORK, Oct. 03, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced its intention to offer shares of its Class A common stock (“common stock”) in an underwritten public offering, subject to market conditions. The underwriters may offer the shares from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. In connection with the offering, TerraFor...
TerraForm Power Reports Second Quarter 2019 Results NEW YORK, Aug. 08, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter ended June 30, 2019. Recent Highlights Generated CAFD of $47 million or $0.22 per share for the quarter and $91 million or $0.44 per share for the first half of the year, reflecting per share growth of 16% and 29% respectively; these results were primarily driven by the accretion from the acquisition of our European platform and our margin enhancement initiatives Entered into a definitiv...
TerraForm Power 2019 Second Quarter Results Webcast and Conference Call Date: Friday, August 9, 2019 Time: 9:00 a.m. (Eastern Time) NEW YORK, Aug. 06, 2019 (GLOBE NEWSWIRE) -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2019 Second Quarter Results Webcast and Conference Call on Friday, August 9, 2019 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be available on our website at under “Events and Presentations” in advance of the call. The conference call will be webcast live at ...
TerraForm Power to Acquire Large-Scale U.S. Distributed Generation Platform Investment Highlights Acquisition is expected to add ~320 megawatts of distributed generation assets in 20 states and in the District of Columbia Expected to grow TerraForm Power’s distributed generation portfolio to ~750 megawatts, making it one of the largest distributed generation businesses in the United States Portfolio consists of recently constructed assets that have an average remaining power purchase agreement term of ~17 years with investment grade off-takers Transaction will be permanently funded through...
TerraForm Power Reports First Quarter 2019 Results NEW YORK, May 09, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter ended March 31, 2019. Recent Highlights Generated cash available for distribution ("CAFD") of $44 million compared to $23 million in the same period of the prior year Successfully transferred 10 of 16 projects in our North American wind fleet and all system control functions to General Electric (“GE”), and anticipate turning over the remaining sites to GE by July 2019, which is expected t...
TerraForm Power 2019 First Quarter Results Webcast and Conference Call Date: Friday, May 10, 2019Time: 9:00 a.m. (Eastern Time) NEW YORK, May 07, 2019 (GLOBE NEWSWIRE) -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2019 First Quarter Results Webcast and Conference Call on Friday, May 10, 2019 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be available on our website at under “Events and Presentations” in advance of the call. The conference call will be webcast live at . A repl...
TerraForm Power 2018 Fourth Quarter and Full Year Results Webcast and Conference Call Date: Friday, March 15, 2019Time: 9:00 a.m. (Eastern Time) NEW YORK, March 12, 2019 (GLOBE NEWSWIRE) -- You are invited to participate in TerraForm Power's (Nasdaq: TERP) 2018 Fourth Quarter and Full Year Results Webcast and Conference Call on Friday, March 15, 2019 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be available on our website at under “Events and Presentations” in advance of the call. The conference ...
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