The doubling of the company’s outstanding credit facility, from $400m to $800m, “will enable SunEdison to capture additional business opportunities and continue our rapid volume growth”, says chief financial officer Brian Wuebbels.
In addition to expanding the size of the facility, SunEdison made two amendments to it.
The first will allow it to use the money to invest in SunEdison subsidiaries “formed for the purpose of owning subsidiaries that own and operate renewable-energy systems” – a possible reference to yieldcos.
SunEdison
