SunEdison’s yieldco TerraForm Power will have an exclusive call right over the warehoused assets.
WSIP, the infrastructure fund managed by Goldman Sachs, has committed $300m thus far to the warehouse.
The debt structuring will be led by Morgan Stanley, Bank of America and Deutsche Bank and will provide commitments for $700m of debt in the form of a $500m, five-year term loan and a $200m, four-year revolving credit facility.
SunEdison
